Ruby, MI
Population 705 · Michigan
About Ruby, MI
Ruby is a small community located in Michigan with a population of 705 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,910 per year, which is 11% below the national median of $75,149. The median age of 42.2 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 Ruby features a median home value of $211,200, which is 14% below the national median of $244,900. This positions Ruby in a moderately priced market relative to the rest of the country. Median monthly rent is $1,087, 7% below the national average of $1,163/month. Of the 293 total housing units, 81% are owner-occupied (236 units) and 19% are renter-occupied (57 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ruby shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ruby have an average one-way commute time of 29.6 minutes.
Education & Demographics
18.0% of Ruby 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, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Ruby Ranks in Michigan
Cost of Living in Ruby, MI
Compared to national averages, Ruby has a median household income of $66,910 (11% below the national median of $75,149). Home values average $211,200, which is 14% below the national median. Monthly rent at $1,087 is 7% below the US average of $1,163. Within Michigan, Ruby's income is 1% above the state average of $66,017, and home values are 15% above the state median of $183,391.
Why Live in Ruby, MI?
Ruby offers affordable housing with a median home value of $211,200, below the US average of $244,900, and rent that’s lower than the national average at $1,087/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a low poverty rate of 3.1%, better than the national average.
Potential considerations include median household income ($66,910) that falls below the national average. However, Ruby’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ruby has a population of 705 with a median age of 42.2 years. Compare Ruby with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Ruby
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Onaway | 701 | $40,159 | $59,100 | Compare |
| Pittsford | 711 | $0 | $111,700 | Compare |
| Britton | 695 | $78,125 | $157,500 | Compare |
| Hartland | 722 | $108,750 | $310,800 | Compare |
| Presque Isle Harbor | 722 | $101,250 | $252,700 | Compare |
| Maple Rapids | 724 | $50,357 | $112,500 | Compare |
| Augusta | 726 | $58,958 | $135,200 | Compare |
| Calumet | 676 | $25,234 | $82,500 | 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 Ruby With Other Cities
Frequently Asked Questions about Ruby
What is the population of Ruby, MI?
The population of Ruby, MI is 705 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 Ruby?
The median household income in Ruby, MI is $66,910 per year, which is 11% below the national median of $75,149.
What is the median home value in Ruby?
The median home value in Ruby, MI is $211,200, which is 14% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ruby?
The median monthly rent in Ruby, MI is $1,087, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Ruby?
The unemployment rate in Ruby, MI is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ruby, MI a good place to live?
Ruby offers a moderate cost of living, affordable housing, and a strong job market. With a population of 705 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Ruby, MI?
18.0% of residents in Ruby 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 Ruby?
Key cost-of-living indicators for Ruby, MI: median home value is $211,200 (14% below national), median rent is $1,087/month, and median household income is $66,910. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ruby?
The poverty rate in Ruby, MI is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ruby, MI?
Ruby's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.