Dexter, MI
Population 4,495 · Michigan
About Dexter, MI
Dexter is a small town located in Michigan with a population of 4,495 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,182 per year, which is 37% above the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Dexter features a median home value of $401,800, which is 64% above the national median of $244,900. This places Dexter in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,603, 38% above the national average of $1,163/month. Of the 1,801 total housing units, 75% are owner-occupied (1,342 units) and 25% are renter-occupied (436 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Dexter shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Dexter have an average one-way commute time of 22.7 minutes.
Education & Demographics
70.3% of Dexter residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.9% of the population being foreign-born.
How Dexter Ranks in Michigan
Cost of Living in Dexter, MI
Compared to national averages, Dexter has a median household income of $103,182 (37% above the national median of $75,149). Home values average $401,800, which is 64% above the national median. Monthly rent at $1,603 is 38% above the US average of $1,163. Within Michigan, Dexter's income is 56% above the state average of $66,017, and home values are 119% above the state median of $183,391.
Why Live in Dexter, MI?
Dexter offers a strong local economy with a median household income of $103,182, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 70.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.1%, better than the national average, and short commute times averaging just 22.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $401,800. However, Dexter’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Dexter has a population of 4,495 with a median age of 42.3 years. Compare Dexter with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Dexter
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hancock | 4,510 | $55,278 | $185,700 | Compare |
| Wolverine Lake | 4,476 | $88,423 | $270,400 | Compare |
| Fremont | 4,532 | $57,000 | $169,500 | Compare |
| Vandercook Lake | 4,434 | $52,337 | $125,800 | Compare |
| Wayland | 4,430 | $71,797 | $201,200 | Compare |
| Bloomfield Hills | 4,412 | $200,318 | $942,900 | Compare |
| Michigan Center | 4,623 | $68,114 | $159,500 | Compare |
| Negaunee | 4,641 | $70,483 | $156,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Dexter With Other Cities
Frequently Asked Questions about Dexter
What is the population of Dexter, MI?
The population of Dexter, MI is 4,495 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Dexter?
The median household income in Dexter, MI is $103,182 per year, which is 37% above the national median of $75,149.
What is the median home value in Dexter?
The median home value in Dexter, MI is $401,800, which is 64% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Dexter?
The median monthly rent in Dexter, MI is $1,603, which is 38% above the national average of $1,163/month.
What is the unemployment rate in Dexter?
The unemployment rate in Dexter, MI is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Dexter, MI a good place to live?
Dexter offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,495 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Dexter, MI?
70.3% of residents in Dexter aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Dexter?
Key cost-of-living indicators for Dexter, MI: median home value is $401,800 (64% above national), median rent is $1,603/month, and median household income is $103,182. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Dexter?
The poverty rate in Dexter, MI is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Dexter, MI?
Dexter's population is 6.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.6% two or more races. 1.9% of residents are foreign-born.