C+

Dollar Bay, MI

Source:

Affordability Score: 61/100

Population: 1,043 · 1 ZIP codes

The affordability dashboard for Dollar Bay, MI aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 1,043 residents, then layers in county-level federal data to produce an overall grade of C+ (61/100). The headline inputs are median household income of $55,313, median home value of $121,000, median rent of $825 per month, and 25.8% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $973 per month (studio $795, 1BR $800, 3BR $1,353, 4BR $1,632). Department of Labor data lists infant center-based childcare at $7,607 per year, consuming 14% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Dollar Bay, MI include housing, rent. Unemployment currently reads 1.8% and poverty 16.9% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income D
$55,313
Median household income
Education D
25.8%
Bachelor's degree or higher
Housing A
2.2x
Home value $121,000 vs income
Commute N/A
N/A
Average commute time
Rent B+
$973/mo
2BR fair market rent (21% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C
$7,607/yr
Center-based infant care (14% of income)

Income & Employment

Median Income
$55,313
▼ 11% vs national
Per Capita Income
$36,114
Unemployment Rate
1.8%
Poverty Rate
16.9%

Housing

Median Home Value
$121,000
▼ 56% vs national
Median Rent
$825/mo
Owner Occupied
87.2%
2BR Fair Market Rent
$973/mo
▼ 19% vs national

Fair Market Rents by Bedroom

Studio
$795
1BR
$800
2BR
$973
3BR
$1,353
4BR
$1,632

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
25.8%
▼ 4 ppt vs national
High School+
65.0%
Median Age
32.0
Avg. Commute

Childcare Costs

Infant (Center)
$7,607/yr
14% of income
Toddler (Center)
$7,696/yr
Preschool (Center)
$7,696/yr
School-Age (Center)
$7,409/yr

What This Means

Dollar Bay, MI receives an overall affordability grade of C+ (61/100), aggregated from 1 ZIP codes with a total population of 1,043. This area performs well in housing and rent. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Dollar Bay ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Dollar Bay, MI affordable?
Dollar Bay, MI receives an overall affordability grade of C+ (61/100) based on Census, HUD, FBI, and DOL data. Median household income is $55,313. Median home value is $121,000.
What is the cost of living in Dollar Bay?
Key cost metrics: Median rent $825/mo. 2BR fair market rent $973/mo. Infant childcare $7,607/yr. Median home value $121,000.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →