Dollar Bay

Population: 1,070
Median household income: $63,500
Median home value: $196,200

Located in Houghton County, Michigan, Dollar Bay is a community with a population of 1,070. At $63,500, its median household income sits above Houghton County's $56,573.

From 2019 to 2023, Dollar Bay's population grew 25.4% from 853 to 1,070, while its median home value rose 65.6% from $118,500 to $196,200.

85.5% of homes are single-family detached houses. The typical home was built around 1973.

Demographics

ACS 2019–2023

Population: 1,070
Median age: 31.2 yrs
Median household income: $63,500
Median home value: $196,200
Median gross rent: $800
Housing units: 441
Homeownership rate: 87.3%
Bachelor's degree or higher: 22.1%
Unemployment rate: 1.6%

Trends

ACS 5-year · 2019–2023

Population

8531,070

Median household income

$51,250$63,500

Median home value

$118,500$196,200

Median gross rent

$745$800

Year	Population	Median household income	Median home value	Median gross rent
2019	853	$51,250	$118,500	$745
2020	971	$56,833	$139,800	$700
2021	1,213	$57,031	$128,100	$731
2022	1,184	$60,294	$176,900	$756
2023	1,070	$63,500	$196,200	$800

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 58.5%

5 to 1723.5%

18 to 2411.7%

25 to 3410.4%

35 to 4411.4%

45 to 548.8%

55 to 649.5%

65 to 749.5%

75 and over6.7%

	Count	Share
Under 5	91	8.5%
5 to 17	251	23.5%
18 to 24	125	11.7%
25 to 34	111	10.4%
35 to 44	122	11.4%
45 to 54	94	8.8%
55 to 64	102	9.5%
65 to 74	102	9.5%
75 and over	72	6.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,024	95.7%
Black or African American	12	1.1%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	4	0.4%
Some other race	0	0.0%
Two or more races	19	1.8%
Hispanic or Latino (any race)	11	1.0%

Educational attainment (age 25+)

No high school diploma3.8%

High school graduate37.3%

Some college or associate's36.8%

Bachelor's degree16.6%

Graduate or professional degree5.5%

	Count	Share
No high school diploma	23	3.8%
High school graduate	225	37.3%
Some college or associate's	222	36.8%
Bachelor's degree	100	16.6%
Graduate or professional degree	33	5.5%

Commute to work

Mean travel time to work: 19 min

Drove alone86.4%

Carpooled5.5%

Public transit0.0%

Walked2.8%

Bicycle0.0%

Worked from home5.3%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	375	86.4%
Carpooled	24	5.5%
Public transit	0	0.0%
Walked	12	2.8%
Bicycle	0	0.0%
Worked from home	23	5.3%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	215	52.3%
15 to 29 min	153	37.2%
30 to 44 min	0	0.0%
45 to 59 min	19	4.6%
60+ min	24	5.8%

Households

Average household size: 2.96
Poverty rate: 12.5% (134 of 1,070)

	Count	Share
Family households	276	76.2%
Nonfamily households	86	23.8%

Housing

Median year structure built: 1973

Occupancy

	Count	Share
Occupied	362	82.1%
Vacant	79	17.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	316	87.3%
Renter-occupied	46	12.7%

1-unit, detached85.5%

1-unit, attached0.0%

2 to 4 units2.0%

5 to 19 units2.9%

20 or more units0.0%

Mobile home & other9.5%

Units in structure

	Count	Share
1-unit, detached	377	85.5%
1-unit, attached	0	0.0%
2 to 4 units	9	2.0%
5 to 19 units	13	2.9%
20 or more units	0	0.0%
Mobile home & other	42	9.5%

Geography

Place GEOID: 2622520
Type (LSAD): 57
Land area: 3.93 sq mi
Water area: 0.51 sq mi
Center point: 47.1273, -88.5070