Michigan · Census place 22520
Dollar Bay CDP, MI
Quick answer
Dollar Bay CDP has 1,070 residents, ranking #426 of 745 places in Michigan. Median household income is $63,500, the median home is worth $196,200 and median gross rent runs $800 a month.
- Population
- 1,070Dollar Bay CDP residents
- Median household income
- $63,500Past 12 months, inflation adjusted
- Median home value
- $196,200Owner-occupied units
- Median gross rent
- $800Rent plus utilities, monthly
- Median age
- 31.2 yrsAll residents
- Homeownership rate
- 87.3%Owner-occupied households
What the numbers mean in Dollar Bay CDP
Housing cost measured against local earnings.
A household earning the Dollar Bay CDP median would spend about 15.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.5% of residents and 87.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Fostoria CDP 1,081
- Lamont CDP 1,078
- Lakes of the North CDP 1,076
- Deckerville village 1,057
- Coloma city 1,051
- Lakeview village 1,049
- Brooklyn village 1,047
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