Ferrysburg, MI
Population 2,949 · Michigan
About Ferrysburg, MI
Ferrysburg is a small town located in Michigan with a population of 2,949 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,096 per year, which is 17% below the national median of $75,149. The median age of 52.8 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 Ferrysburg features a median home value of $225,400, which is 8% below the national median of $244,900. This positions Ferrysburg in a moderately priced market relative to the rest of the country. Median monthly rent is $1,482, 27% above the national average of $1,163/month. Of the 1,849 total housing units, 88% are owner-occupied (1,403 units) and 12% are renter-occupied (192 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ferrysburg shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ferrysburg have an average one-way commute time of 20.1 minutes.
Education & Demographics
50.4% of Ferrysburg 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 3.1% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Ferrysburg Ranks in Michigan
Cost of Living in Ferrysburg, MI
Compared to national averages, Ferrysburg has a median household income of $62,096 (17% below the national median of $75,149). Home values average $225,400, which is 8% below the national median. Monthly rent at $1,482 is 27% above the US average of $1,163. Within Michigan, Ferrysburg's income is 6% below the state average of $66,017, and home values are 23% above the state median of $183,391.
Why Live in Ferrysburg, MI?
Ferrysburg offers affordable housing with a median home value of $225,400, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.4%, and a well-educated community where 50.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($62,096) that falls below the national average. However, Ferrysburg’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ferrysburg has a population of 2,949 with a median age of 52.8 years. Compare Ferrysburg with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Ferrysburg
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fowlerville | 2,950 | $43,155 | $189,000 | Compare |
| Bath | 2,938 | $64,375 | $202,600 | Compare |
| Whitehall | 2,974 | $58,750 | $205,800 | Compare |
| Iron River | 3,009 | $48,750 | $75,000 | Compare |
| Bad Axe | 3,010 | $47,535 | $106,700 | Compare |
| Kincheloe | 2,875 | $53,333 | $98,100 | Compare |
| Lake Orion | 2,873 | $98,871 | $346,700 | Compare |
| Rogers City | 2,873 | $47,601 | $93,500 | 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 Ferrysburg With Other Cities
Frequently Asked Questions about Ferrysburg
What is the population of Ferrysburg, MI?
The population of Ferrysburg, MI is 2,949 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 Ferrysburg?
The median household income in Ferrysburg, MI is $62,096 per year, which is 17% below the national median of $75,149.
What is the median home value in Ferrysburg?
The median home value in Ferrysburg, MI is $225,400, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ferrysburg?
The median monthly rent in Ferrysburg, MI is $1,482, which is 27% above the national average of $1,163/month.
What is the unemployment rate in Ferrysburg?
The unemployment rate in Ferrysburg, MI is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ferrysburg, MI a good place to live?
Ferrysburg offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,949 and a median age of 52.8, the city appeals to established professionals and retirees.
How educated is Ferrysburg, MI?
50.4% of residents in Ferrysburg 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 Ferrysburg?
Key cost-of-living indicators for Ferrysburg, MI: median home value is $225,400 (8% below national), median rent is $1,482/month, and median household income is $62,096. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Ferrysburg?
The poverty rate in Ferrysburg, MI is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ferrysburg, MI?
Ferrysburg's population is 3.1% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.