CensusEasy
CITY · 2020 ACS

Dollar Bay

Michigan · 1,061 residents · 3.935 sq mi
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Part of the Houghton micropolitan area
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The short version

Dollar Bay has lower-than-average household income, with a median household income of $56,833. Population has grown 24% since 2019. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $139,800. Poverty is rare here, at 3.1% of residents.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.5
US median: 38.8
Less educated
17% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,061
+24%since 2019
from 853 in 2019
2010 – 2024
Population density
270 / sq mi
+24%since 2019
from 217 / sq mi in 2019
US average: 280
Median age
38.5
+10%since 2019
from 34.9 in 2019
US average: 38.8
Population, 2010 – 2024
7408699981K1K201020202024Dollar Bay
20241K
201020202024
Section 02

Income & economy

Median household income
$56,833
+10%inflation adjusted, since 2019
from $51,250 in 2019
US average: $66,278
2010 – 2024
Per capita income
$30,618
+39%since 2019
from $21,962 in 2019
US average: $35,364
Households earning $100K+
30.9%
+4.3 ptssince 2019
from 26.7% in 2019
US average: 43.9%
Poverty rate
3.1%
−7.6 ptssince 2019
from 10.7% in 2019
US average: 12.8%
Workforce by industry, 2020
Other services11.7%
US avg: 6.6%
Information11.2%
US avg: 11.1%
Public administration11.2%
US avg: 4.7%
Retail trade8.5%
US avg: 10%
Wholesale trade6.9%
US avg: 6.7%
Agriculture, forestry, fishing5%
US avg: 1.7%
Transportation & warehousing4.8%
US avg: 2.5%
Construction3.7%
US avg: 1.2%
Manufacturing1.4%
US avg: 0.5%
Finance & insurance1.4%
US avg: 5.5%
Professional, scientific, technical1.4%
US avg: 4.7%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$139,800
+17%inflation adjusted, since 2019
from $118,500 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$700
−7%inflation adjusted, since 2019
from $745 in 2019
US average: $1,124
Owner-occupied
75.6%
−3.8 ptssince 2019
from 79.4% in 2019
24.4% rent
Afford Score
2.5
+6%since 2019
from 2.3 in 2019
2010 – 2024
RELATED:See current rent listings in Dollar Bay on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic97.9%(835)
Black0.5%(4)
Hispanic / Latino1.6%(14)
Asian0%(0)
Other0%(0)
Diversity Score5.2%(44)
2020
White, non-Hispanic96.9%(1,028)
Black0%(0)
Hispanic / Latino0.8%(9)
Asian0.5%(5)
Other2.1%(22)
Diversity Score8.2%(87)
Diversity Score
8
+59%since 2019
from 5 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
16.6%
−2.5 ptssince 2019
from 19.0% in 2019
US average: 32.9%
High school or higher
91.8%
−3.1 ptssince 2019
from 94.9% in 2019
US average: 88.5%
Graduate degree
3.3%
−0.7 ptssince 2019
from 4.1% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
15.5 min
+6%since 2019
from 14.7 min in 2019
US average: 26.9
Drive alone to work
89.8%
+1.7 ptssince 2019
from 88.2% in 2019
US average: 75.1%
No vehicle available
4.4%
+0.9 ptssince 2019
from 3.5% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.2%
−0.7 ptssince 2019
from 2.9% in 2019
US average: 5.4%
Labor force participation
61.9%
−1.5 ptssince 2019
from 63.5% in 2019
US average: 63.4%
Management & professional
25.6%
+6.4 ptssince 2019
from 19.2% in 2019
US average: 39.3%
Section 08

People & community

Male
49.2%
+2.5 ptssince 2019
from 46.8% in 2019
Female
50.8%
−2.5 ptssince 2019
from 53.2% in 2019
Foreign born
1.4%
+0.2 ptssince 2019
from 1.3% in 2019
US average: 13.5%
Uninsured
5.9%
−2.9 ptssince 2019
from 8.8% in 2019
US average: 8.8%
Drill deeper

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Head to head

Compare Dollar Bay to nearby cities

DOLLAR BAY VS
Houghton
Income$43,456−24%
Home value$254,500+82%
Population8,560+716%
SEE FULL COMPARISON →
DOLLAR BAY VS
Marquette
Income$55,613−2%
Home value$274,700+96%
Population21,944+1992%
SEE FULL COMPARISON →
DOLLAR BAY VS
Rhinelander
Income$51,421−10%
Home value$125,700−10%
Population8,242+686%
SEE FULL COMPARISON →
DOLLAR BAY VS
Escanaba
Income$45,369−20%
Home value$125,200−10%
Population12,257+1068%
SEE FULL COMPARISON →
Frequently asked

How many people live in Dollar Bay, Michigan?

Dollar Bay, Michigan has about 1,061 residents according to the 2020 American Community Survey.

What is the median household income in Dollar Bay, Michigan?

The typical household in Dollar Bay, Michigan earns about $56,833 a year. Half of households make more than that, and half make less.

Is Dollar Bay, Michigan expensive?

In Dollar Bay, Michigan, the median home is worth about $139,800, and the typical rent is about $700 a month.

How educated are people in Dollar Bay, Michigan?

About 16.6% of adults age 25 and over in Dollar Bay, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Dollar Bay, Michigan?

About 3.1% of people in Dollar Bay, Michigan live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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