Stephenson, MI
Population 931 · Michigan
About Stephenson, MI
Stephenson is a small community in Michigan with a population of 931 residents. The median household income is $43,529 per year, which is below the national average. The median age in Stephenson is 41.5 years.
Housing in Stephenson has a median home value of $97,700 and median monthly rent of $657. Of the 439 total housing units, the majority are owner-occupied, with 267 owner-occupied and 105 renter-occupied units.
The unemployment rate in Stephenson is 2.6% and the poverty rate is 21.9%. 16.0% of residents hold a bachelor's degree or higher. The average commute time is 23.9 minutes.
Cost of Living in Stephenson, MI
Compared to national averages, Stephenson has a median household income of $43,529 (42% below the national median of $75,149). Home values average $97,700, which is 60% below the national median. Monthly rent at $657 is 44% below the US average of $1,163. Within Michigan, Stephenson's income is 34% below the state average of $66,017, and home values are 47% below the state median of $183,391.
Why Live in Stephenson, MI?
Stephenson offers affordable housing with a median home value of $97,700, below the US average of $244,900, and rent that’s lower than the national average at $657/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features short commute times averaging just 23.9 minutes.
Potential considerations include median household income ($43,529) that falls below the national average. However, Stephenson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Stephenson has a population of 931 with a median age of 41.5 years. Compare Stephenson with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Stephenson
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bellaire | 929 | $53,750 | $182,800 | Compare |
| Baroda | 934 | $65,160 | $153,600 | Compare |
| Buckley | 925 | $65,089 | $189,000 | Compare |
| Alanson | 943 | $61,563 | $121,200 | Compare |
| Lake Michigan Beach | 914 | $61,250 | $259,900 | Compare |
| Elsie | 951 | $55,000 | $107,600 | Compare |
| Otisville | 955 | $60,500 | $102,300 | Compare |
| Chassell | 905 | $55,417 | $170,700 | 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 Stephenson With Other Cities
Frequently Asked Questions about Stephenson
What is the population of Stephenson, MI?
The population of Stephenson, MI is 931 according to the latest Census data.
What is the median household income in Stephenson?
The median household income in Stephenson, MI is $43,529 per year.
What is the median home value in Stephenson?
The median home value in Stephenson, MI is $97,700.
What is the average rent in Stephenson?
The median monthly rent in Stephenson, MI is $657.
What is the unemployment rate in Stephenson?
The unemployment rate in Stephenson, MI is 2.6%.