Reese, MI
Population 1,303 · Michigan
About Reese, MI
Reese is a small town located in Michigan with a population of 1,303 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,125 per year, which is 11% above the national median of $75,149. The median age of 47.1 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 Reese features a median home value of $174,600, which is 29% below the national median of $244,900. This positions Reese in a moderately priced market relative to the rest of the country. Median monthly rent is $909, 22% below the national average of $1,163/month. Of the 585 total housing units, 80% are owner-occupied (449 units) and 20% are renter-occupied (115 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Reese shows an unemployment rate of 11.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Reese have an average one-way commute time of 20.8 minutes.
Education & Demographics
28.2% of Reese residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.5% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Reese, MI
Compared to national averages, Reese has a median household income of $83,125 (11% above the national median of $75,149). Home values average $174,600, which is 29% below the national median. Monthly rent at $909 is 22% below the US average of $1,163. Within Michigan, Reese's income is 26% above the state average of $66,017, and home values are 5% below the state median of $183,391.
Why Live in Reese, MI?
Reese offers a strong local economy with a median household income of $83,125, well above the national average, and affordable housing with a median home value of $174,600, below the US average of $244,900, and rent that’s lower than the national average at $909/month. Additionally, the city features a low poverty rate of 2.9%, better than the national average, and short commute times averaging just 20.8 minutes.
Reese has a population of 1,303 with a median age of 47.1 years. Compare Reese with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Reese
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Buffalo | 1,306 | $64,524 | $342,700 | Compare |
| White Cloud | 1,297 | $55,417 | $150,600 | Compare |
| Greilickville | 1,296 | $84,327 | $407,200 | Compare |
| Douglas | 1,295 | $77,841 | $383,000 | Compare |
| Stanton | 1,292 | $45,714 | $89,000 | Compare |
| Lakewood Club | 1,315 | $67,277 | $144,900 | Compare |
| Rapid City | 1,315 | $65,438 | $212,500 | Compare |
| Prudenville | 1,286 | $35,833 | $167,300 | 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 Reese With Other Cities
Frequently Asked Questions about Reese
What is the population of Reese, MI?
The population of Reese, MI is 1,303 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 Reese?
The median household income in Reese, MI is $83,125 per year, which is 11% above the national median of $75,149.
What is the median home value in Reese?
The median home value in Reese, MI is $174,600, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Reese?
The median monthly rent in Reese, MI is $909, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Reese?
The unemployment rate in Reese, MI is 11.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Reese, MI a good place to live?
Reese offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,303 and a median age of 47.1, the city appeals to established professionals and retirees.
How educated is Reese, MI?
28.2% of residents in Reese 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 Reese?
Key cost-of-living indicators for Reese, MI: median home value is $174,600 (29% below national), median rent is $909/month, and median household income is $83,125. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Reese?
The poverty rate in Reese, MI is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Reese, MI?
Reese's population is 1.5% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.