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Bessemer, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 1.3x is exceptionally low

During the 2020–2024 ACS period, Bessemer, Michigan had a total population of 1,733, the 333rd largest city in Michigan, with a median household income of $53,523, which is 27% lower than the state average. The poverty rate is 12.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Bessemer Quick Facts

Population 1,733
Median Household Income $53,523
Median Home Value $69,900
Poverty Rate 12.9%
Unemployment Rate 4.9%
Median Age 48.2 years
Homeownership Rate 72.4%
Affordability Ratio 1.3x
Bachelor's Degree or Higher 22.8%
High School Graduation Rate 96.5%
Diversity Index 21/100
Population 1,733 333rd of 745
Median Income $53,523 below average
Poverty Rate 12.9% 4% higher than national
Median Home Value $69,900 bottom 10%

How Bessemer Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,7781,733-2.5%
Median household income$50,792$53,523+5.4%
Median home value$76,100$69,900-8.1%

How Bessemer Compares

Economy & Housing

Household Income Distribution

Under $25K 19.7%
$25K-$50K 28.3%
$50K-$100K 25.0%
$100K+ 27.0%
Detailed income brackets
Under $10K
1.8%
$10K-$15K
4.3%
$15K-$20K
5.7%
$20K-$25K
7.9%
$25K-$30K
8.5%
$30K-$35K
6.7%
$35K-$40K
3.2%
$40K-$45K
5.8%
$45K-$50K
4.2%
$50K-$60K
6.4%
$60K-$75K
7.1%
$75K-$100K
11.5%
$100K-$125K
8.0%
$125K-$150K
14.3%
$150K-$200K
4.7%
$200K+
0.0%

Employment

4.9% Unemployment Rate State: 5.7%|National: 5.2%
66.5% Labor Force Participation

Housing Overview

Owner 72.4%
Renter 27.6%
Affordability Index Very Affordable
1.3x home value to income ratio
Median gross rent $546/mo 12.2% of median household income annually

People & Demographics

Diversity Index

21out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 45 | National average: 61

Education

Bessemer Rankings in Michigan

#333 Population of 745
#503 Median Income of 732
#319 Education of 745
#709 Home Value of 730

Other Cities in Gogebic County

CityPopulationMedian IncomePovertyHome Value
Ironwood 4,997 $41,250 17.0% $83,100
Wakefield 1,683 $55,759 15.0% $79,100
Ramsay 312 $54,643 19.9% $67,700
Watersmeet 250 $63,452 0.0% $67,200
Marenisco 223 $39,375 17.0% $47,500

Cities Similar to Bessemer

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
White Pigeon1,760$51,250$149,60011.6%26.0%
L'Anse1,790$52,317$104,10014.9%10.8%
Wakefield1,683$55,759$79,10013.4%15.0%
Stony Point1,825$53,872$215,9008.9%14.2%
Howard City1,636$54,688$151,2007.1%23.9%

Population Overview

Bessemer is a small community located in Michigan, within Gogebic County. The total population is 1,733. It ranks as the 333rd most populous out of 745 Census-designated places in Michigan.

Age Demographics

The median age in Bessemer is 48.2 years. This is 20% higher than the state median of 40.2 years. Only 14.8% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Bessemer is $53,523. This is 27% lower than the state median of $72,875. It is also 34% lower than the national median of $80,734. The poverty rate stands at 12.9%. This is 2% lower than the state poverty rate of 13.2%. The unemployment rate is 4.9%. This is 15% lower than the state rate of 5.7%. The median home value is $69,900. Housing costs are 70% lower than the state median of $231,600. With a home-value-to-income ratio of just 1.3x, Bessemer is one of the most affordable housing markets in the area. 72.4% of occupied housing units are owner-occupied. This homeownership rate is 1% lower than the state average of 73.2%.

Race & Ethnicity

Bessemer has a predominantly White (non-Hispanic) population, comprising 88.4% of all residents. Hispanic or Latino residents account for 4.5%. The Black or African American population (0.6%) is well below the state average of 13.1%. The Asian population (1.0%) is well below the state average of 3.4%.

Education

22.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 30% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%.

Data Sources & Methodology

All demographic data for Bessemer, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Bessemer, Michigan?

Bessemer, Michigan has a population of 1,733 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Bessemer, MI?

The median household income in Bessemer is $53,523, which is 34% lower than the national median of $80,734.

What is the poverty rate in Bessemer, MI?

The poverty rate in Bessemer is 12.9%. This means approximately 221 residents live below the federal poverty line.

What is the racial makeup of Bessemer, Michigan?

Bessemer's population is 88.4% White, 0.6% Black, 4.5% Hispanic/Latino, and 1.0% Asian.

What is the median home value in Bessemer, MI?

The median home value in Bessemer is $69,900. The home-value-to-income ratio is 1.3x.

How educated is Bessemer, Michigan?

22.8% of adults (25+) in Bessemer hold a bachelor's degree or higher, and 4.8% hold a graduate or professional degree.