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ZipNumbers

Michigan · Census place 55500

Morenci city, MI

Quick answer

Morenci city has 2,149 residents, ranking #298 of 745 places in Michigan. Median household income is $58,438, the median home is worth $93,800 and median gross rent runs $732 a month.

Population
2,149Morenci city residents
Median household income
$58,438Past 12 months, inflation adjusted
Median home value
$93,800Owner-occupied units
Median gross rent
$732Rent plus utilities, monthly
Median age
32.6 yrsAll residents
Homeownership rate
72.9%Owner-occupied households

What the numbers mean in Morenci city

Housing cost measured against local earnings.

A household earning the Morenci city median would spend about 15% 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 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14% of residents and 72.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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