Dollar Bay, MI
Population 1,070 · Michigan
About Dollar Bay, MI
Dollar Bay is a small community in Michigan with a population of 1,070 residents. The median household income is $63,500 per year, which is near the national average. The median age in Dollar Bay is 31.2 years.
Housing in Dollar Bay has a median home value of $196,200 and median monthly rent of $800. Of the 441 total housing units, the majority are owner-occupied, with 316 owner-occupied and 46 renter-occupied units.
The unemployment rate in Dollar Bay is 1.6% and the poverty rate is 12.5%. 22.1% of residents hold a bachelor's degree or higher. The average commute time is 18.8 minutes.
Cost of Living in Dollar Bay, MI
Compared to national averages, Dollar Bay has a median household income of $63,500 (16% below the national median of $75,149). Home values average $196,200, which is 20% below the national median. Monthly rent at $800 is 31% below the US average of $1,163. Within Michigan, Dollar Bay's income is 4% below the state average of $66,017, and home values are 7% above the state median of $183,391.
Why Live in Dollar Bay, MI?
Dollar Bay offers affordable housing with a median home value of $196,200, below the US average of $244,900, and rent that’s lower than the national average at $800/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features short commute times averaging just 18.8 minutes.
Potential considerations include median household income ($63,500) that falls below the national average. However, Dollar Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Dollar Bay has a population of 1,070 with a median age of 31.2 years. Compare Dollar Bay with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Dollar Bay
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lakes of the North | 1,076 | $65,536 | $169,600 | Compare |
| Lamont | 1,078 | $158,456 | $469,200 | Compare |
| Fostoria | 1,081 | $95,491 | $140,400 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Farwell | 1,086 | $40,667 | $95,800 | Compare |
| Coloma | 1,051 | $62,778 | $160,400 | Compare |
| Lakeview | 1,049 | $30,865 | $152,900 | Compare |
| Brooklyn | 1,047 | $48,750 | $176,900 | 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 Dollar Bay
What is the population of Dollar Bay, MI?
The population of Dollar Bay, MI is 1,070 according to the latest Census data.
What is the median household income in Dollar Bay?
The median household income in Dollar Bay, MI is $63,500 per year.
What is the median home value in Dollar Bay?
The median home value in Dollar Bay, MI is $196,200.
What is the average rent in Dollar Bay?
The median monthly rent in Dollar Bay, MI is $800.
What is the unemployment rate in Dollar Bay?
The unemployment rate in Dollar Bay, MI is 1.6%.