Stephenson, MI
Full City Profile · Michigan · Menominee County County
Stephenson, MI
At a Glance
How Stephenson Compares to the U.S. Average
Each bar shows Stephenson's value as a percentage of the national average (100% = U.S. avg)
Is Stephenson a Good Place to Live?
Economy & Jobs
Stephenson residents earn a median household income of $43,529 , which is 42% below the national average of $75,149. Per capita income is $23,848. The unemployment rate stands at 2.6% (28% below the U.S. rate of 3.6%). 21.6% of residents live below the poverty line. The area is home to 491 business establishments, including 48 restaurants.
Housing & Cost of Living
The median home value in Stephenson is $97,700 , 65% below the national median of $281,900. Zillow estimates the typical home at $194,273. Median rent is $657/month, with 30.0% 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 1969.
Education
16.0% of adults in Stephenson hold a bachelor's degree or higher (53% below the national average). 92.8% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Stephenson has an average annual temperature of 43°F (6°C). Winters average 16°F in January while summers reach 68°F in July. Annual precipitation totals 32.9 inches.