Fostoria, MI
Population 1,081 · Michigan
About Fostoria, MI
Fostoria is a small town located in Michigan with a population of 1,081 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,491 per year, which is 27% above the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fostoria features a median home value of $140,400, which is 43% below the national median of $244,900. This makes Fostoria one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,091, 6% below the national average of $1,163/month. Of the 359 total housing units, 84% are owner-occupied (303 units) and 16% are renter-occupied (56 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fostoria shows an unemployment rate of 14.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fostoria have an average one-way commute time of 32.2 minutes.
Education & Demographics
7.5% of Fostoria residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.2% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Fostoria, MI
Compared to national averages, Fostoria has a median household income of $95,491 (27% above the national median of $75,149). Home values average $140,400, which is 43% below the national median. Monthly rent at $1,091 is 6% below the US average of $1,163. Within Michigan, Fostoria's income is 45% above the state average of $66,017, and home values are 23% below the state median of $183,391.
Why Live in Fostoria, MI?
Fostoria offers a strong local economy with a median household income of $95,491, well above the national average, and affordable housing with a median home value of $140,400, below the US average of $244,900, and rent that’s lower than the national average at $1,091/month. Additionally, the city features a low poverty rate of 8.5%, better than the national average.
Fostoria has a population of 1,081 with a median age of 36.8 years. Compare Fostoria with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Fostoria
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lamont | 1,078 | $158,456 | $469,200 | Compare |
| Farwell | 1,086 | $40,667 | $95,800 | Compare |
| Lakes of the North | 1,076 | $65,536 | $169,600 | Compare |
| Dollar Bay | 1,070 | $63,500 | $196,200 | Compare |
| Pigeon | 1,093 | $49,500 | $108,100 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Memphis | 1,107 | $60,884 | $190,400 | Compare |
| Coloma | 1,051 | $62,778 | $160,400 | 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 Fostoria With Other Cities
Frequently Asked Questions about Fostoria
What is the population of Fostoria, MI?
The population of Fostoria, MI is 1,081 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 Fostoria?
The median household income in Fostoria, MI is $95,491 per year, which is 27% above the national median of $75,149.
What is the median home value in Fostoria?
The median home value in Fostoria, MI is $140,400, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fostoria?
The median monthly rent in Fostoria, MI is $1,091, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Fostoria?
The unemployment rate in Fostoria, MI is 14.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fostoria, MI a good place to live?
Fostoria offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,081 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Fostoria, MI?
7.5% of residents in Fostoria aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fostoria?
Key cost-of-living indicators for Fostoria, MI: median home value is $140,400 (43% below national), median rent is $1,091/month, and median household income is $95,491. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fostoria?
The poverty rate in Fostoria, MI is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fostoria, MI?
Fostoria's population is 1.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.2% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.