Michigan · Census place 80200
Tower CDP, MI
Quick answer
Tower CDP has 271 residents, ranking #642 of 745 places in Michigan. Median household income is $42,167, the median home is worth $91,500 and median gross rent runs $917 a month.
- Population
- 271Tower CDP residents
- Median household income
- $42,167Past 12 months, inflation adjusted
- Median home value
- $91,500Owner-occupied units
- Median gross rent
- $917Rent plus utilities, monthly
- Median age
- 55.3 yrsAll residents
- Homeownership rate
- 63.3%Owner-occupied households
What the numbers mean in Tower CDP
Housing cost measured against local earnings.
A household earning the Tower CDP median would spend about 26.1% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.2% of residents and 63.3% 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.
- Snover CDP 273
- Watersmeet CDP 273
- Wedgewood CDP 273
- Bruce Crossing CDP 266
- Bear Lake village 265
- Jennings CDP 263
- Amasa CDP 262
Keep going
More Michigan coverage.