Ramsay, MI
Population 182 · Michigan
About Ramsay, MI
Ramsay is a small community located in Michigan with a population of 182 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,250 per year, which is 25% below the national median of $75,149. The median age of 61.1 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 Ramsay features a median home value of $50,000, which is 80% below the national median of $244,900. This makes Ramsay one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 160 total housing units, 96% are owner-occupied (88 units) and 4% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ramsay shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ramsay have an average one-way commute time of 28.2 minutes.
Education & Demographics
10.7% of Ramsay 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 12.1% Asian residents, with 4.9% of the population being foreign-born.
How Ramsay Ranks in Michigan
Cost of Living in Ramsay, MI
Compared to national averages, Ramsay has a median household income of $56,250 (25% below the national median of $75,149). Home values average $50,000, which is 80% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Ramsay's income is 15% below the state average of $66,017, and home values are 73% below the state median of $183,391.
Why Live in Ramsay, MI?
Ramsay offers affordable housing with a median home value of $50,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 5.5%, better than the national average.
Potential considerations include median household income ($56,250) that falls below the national average. However, Ramsay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ramsay has a population of 182 with a median age of 61.1 years. Compare Ramsay with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Ramsay
What is the population of Ramsay, MI?
The population of Ramsay, MI is 182 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Ramsay?
The median household income in Ramsay, MI is $56,250 per year, which is 25% below the national median of $75,149.
What is the median home value in Ramsay?
The median home value in Ramsay, MI is $50,000, which is 80% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ramsay?
The median monthly rent in Ramsay, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Ramsay?
The unemployment rate in Ramsay, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ramsay, MI a good place to live?
Ramsay offers a moderate cost of living, affordable housing, and a strong job market. With a population of 182 and a median age of 61.1, the city appeals to established professionals and retirees.
How educated is Ramsay, MI?
10.7% of residents in Ramsay 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 Ramsay?
Key cost-of-living indicators for Ramsay, MI: median home value is $50,000 (80% below national), median rent is $0/month, and median household income is $56,250. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ramsay?
The poverty rate in Ramsay, MI is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ramsay, MI?
Ramsay's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 12.1% Asian, and 16.5% two or more races. 4.9% of residents are foreign-born.