Dollar Bay, Michigan Demographics & Population 2026
During the 2020–2024 ACS period, Dollar Bay, Michigan had a total population of 1,049, the 434th largest community in Michigan, with a median household income of $61,250, which is 16% lower than the state average. The poverty rate is 13.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
- Near full employment with an unemployment rate of just 1.4%.
Dollar Bay Quick Facts
How Dollar Bay Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,070 | 1,049 | -2.0% |
| Median household income | $63,500 | $61,250 | -3.5% |
| Median home value | $196,200 | $153,100 | -22.0% |
How Dollar Bay Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Dollar Bay Rankings in Michigan
Explore Michigan Rankings
Other Cities in Houghton County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Houghton | 8,474 | $43,456 | 40.1% | $254,500 |
| Hancock | 4,574 | $59,519 | 19.1% | $165,600 |
| Laurium | 1,509 | $54,167 | 16.0% | $126,100 |
| Lake Linden | 1,020 | $43,472 | 13.8% | $97,000 |
| Chassell | 899 | $54,148 | 17.0% | $167,600 |
| Hubbell | 881 | $53,333 | 4.4% | $85,400 |
| Calumet | 645 | $26,667 | 42.6% | $84,400 |
| Atlantic Mine | 491 | $55,481 | 16.5% | $103,500 |
| South Range | 482 | $58,542 | 23.6% | $101,100 |
| Painesdale | 416 | $63,750 | 13.3% | $92,800 |
Cities Similar to Dollar Bay
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Central Lake | 1,051 | $63,269 | $167,100 | 24.3% | 8.7% |
| Ossineke | 1,019 | $59,583 | $159,200 | 13.3% | 10.0% |
| Memphis | 1,064 | $57,222 | $213,300 | 14.9% | 24.7% |
| Elsie | 1,000 | $59,318 | $114,000 | 6.9% | 11.9% |
| Stevensville | 1,095 | $64,125 | $191,200 | 31.6% | 7.5% |
Population Overview
Dollar Bay is a small community located in Michigan, within Houghton County. The total population is 1,049. It ranks as the 434th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Dollar Bay is 31.3 years. This is 22% lower than the state median of 40.2 years. With 32.0% of the population under 18, Dollar Bay has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Dollar Bay is $61,250. This is 16% lower than the state median of $72,875. It is also 24% lower than the national median of $80,734. The poverty rate stands at 13.5%. This is 2% higher than the state poverty rate of 13.2%. The unemployment rate is 1.4%. This is 75% lower than the state rate of 5.7%. The median home value is $153,100. Housing costs are 34% lower than the state median of $231,600. With a home-value-to-income ratio of just 2.5x, Dollar Bay is one of the most affordable housing markets in the area. 89.4% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 73.2%.
Race & Ethnicity
Dollar Bay has a predominantly White (non-Hispanic) population, comprising 96.6% of all residents. Black or African American residents account for 0.4%. The Black or African American population (0.4%) is well below the state average of 13.1%.
Education
23.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% 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 94.9%.
Data Sources & Methodology
All demographic data for Dollar Bay, 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 Dollar Bay, Michigan?
Dollar Bay, Michigan has a population of 1,049 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Dollar Bay, MI?
The median household income in Dollar Bay is $61,250, which is 24% lower than the national median of $80,734.
What is the poverty rate in Dollar Bay, MI?
The poverty rate in Dollar Bay is 13.5%. This means approximately 142 residents live below the federal poverty line.
What is the racial makeup of Dollar Bay, Michigan?
Dollar Bay's population is 96.6% White, 0.4% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Dollar Bay, MI?
The median home value in Dollar Bay is $153,100. The home-value-to-income ratio is 2.5x.
How educated is Dollar Bay, Michigan?
23.1% of adults (25+) in Dollar Bay hold a bachelor's degree or higher, and 6.1% hold a graduate or professional degree.