Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.1 yrs |
|---|---|
| Avg HH Size | 2.39 |
| Below Poverty | 12.0% ▲ 20% above avg |
| College Grads | 31.4% ▼ 19% below avg |
| Unemployment | 3.0% ▼ 38% below avg |
| No HS Diploma | 8 (1.6%) |
| HS Graduate | 224 (43.4%) |
| Some College | 54 (10.5%) |
| Associates | 68 (13.2%) |
| Bachelors | 66 (12.8%) |
| Graduate Degree | 96 (18.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,468 ▼ 22% below avg |
|---|---|
| Median Home Value | $103,500 ▼ 63% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $832/mo |
| Total Housing Units | 334 |
| Vacant Units | 38 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bannister is a city in Michigan, located in Gratiot County. The city spans 1 ZIP code and is home to approximately 706 residents. It is a mature city, with a median age of 50.1 years.
Economically, Bannister is a solidly middle-class community. The median household income of $59,468 is below the national average. Approximately 12.0% of residents live below the poverty line. The unemployment rate is 3.0%, below the national average.
The real estate market in Bannister is one of the more affordable housing markets in the country. Median home values stand at $103,500, which is well below the national average. Renters typically pay around $832 per month. Homeownership is high at 87.5%, typical of suburban and family-oriented communities.
The population of Bannister is moderately educated. 31.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (96.74%).
Bannister, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48807 | 706 | $59,468 | $103,500 | $832 | 3.0% | 31.4% | 87.5% |