Dexter, MI
Population 4,495 · Michigan
About Dexter, MI
Dexter is a small community in Michigan with a population of 4,495 residents. The median household income is $103,182 per year, which is above the national average. The median age in Dexter is 42.3 years.
Housing in Dexter has a median home value of $401,800 and median monthly rent of $1,603. Of the 1,801 total housing units, the majority are owner-occupied, with 1,342 owner-occupied and 436 renter-occupied units.
The unemployment rate in Dexter is 2.5% and the poverty rate is 2.1%. 70.3% of residents hold a bachelor's degree or higher. The average commute time is 22.7 minutes.
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.
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Frequently Asked Questions about Dexter
What is the population of Dexter, MI?
The population of Dexter, MI is 4,495 according to the latest Census data.
What is the median household income in Dexter?
The median household income in Dexter, MI is $103,182 per year.
What is the median home value in Dexter?
The median home value in Dexter, MI is $401,800.
What is the average rent in Dexter?
The median monthly rent in Dexter, MI is $1,603.
What is the unemployment rate in Dexter?
The unemployment rate in Dexter, MI is 2.5%.