Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 31.3 yrs |
|---|---|
| Avg HH Size | 2.89 |
| Below Poverty | 17.3% ▲ 73% above avg |
| College Grads | 32.3% ▼ 17% below avg |
| Unemployment | 3.9% ▼ 21% below avg |
| HS Graduate | 175 (39.2%) |
| Some College | 50 (11.2%) |
| Associates | 77 (17.3%) |
| Bachelors | 37 (8.3%) |
| Graduate Degree | 107 (24%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $55,300 ▼ 28% below avg |
|---|---|
| Median Home Value | $120,600 ▼ 57% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $800/mo |
| Total Housing Units | 369 |
| Vacant Units | 79 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Dollar Bay is a city in Michigan, located in Houghton County. The city spans 1 ZIP code and is home to approximately 837 residents. It is a relatively young city, with a median age of 31.3 years.
Economically, Dollar Bay is a solidly middle-class community. The median household income of $55,300 is below the national average. Approximately 17.3% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Dollar Bay is one of the more affordable housing markets in the country. Median home values stand at $120,600, which is well below the national average. Renters typically pay around $800 per month. Homeownership is high at 84.1%, typical of suburban and family-oriented communities.
The population of Dollar Bay is moderately educated. 32.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (95.7%).
Dollar Bay, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49922 | 837 | $55,300 | $120,600 | $800 | 3.9% | 32.3% | 84.1% |