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Dollar Bay, MI
Full City Profile · Michigan · Keweenaw County County
Dollar Bay, MI
At a Glance
How Dollar Bay Compares to the U.S. Average
Each bar shows Dollar Bay's value as a percentage of the national average (100% = U.S. avg)
Is Dollar Bay a Good Place to Live?
Economy & Jobs
Dollar Bay residents earn a median household income of $63,500 , which is 16% below the national average of $75,149. Per capita income is $34,893. The unemployment rate stands at 0.9% (75% below the U.S. rate of 3.6%). 9.8% of residents live below the poverty line. The area is home to 85 business establishments, including 19 restaurants.
Housing & Cost of Living
The median home value in Dollar Bay is $196,200 , 30% below the national median of $281,900. Zillow estimates the typical home at $164,891. Median rent is $800/month, with 21.3% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1972.
Safety & Crime
Dollar Bay reports 66 violent crimes per 100,000 residents , which is 83% below the national average of 380/100K. Property crime is 1,258/100K.
Education
22.1% of adults in Dollar Bay hold a bachelor's degree or higher (34% below the national average). 96.2% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Dollar Bay has an average annual temperature of 41°F (5°C). Winters average 16°F in January while summers reach 65°F in July. The area gets 253 sunny days per year. Air quality is rated Good with a median AQI of 38.