Cost of Living in Bay City, MI
Population: 32,445 • 2026 Data
$47,904
Median Household Income
-38% vs national
$739
Median Monthly Rent
-45% vs national
$89,900
Median Home Value
-73% vs national
6.5%
Unemployment Rate
Housing in Bay City
The median home value in Bay City, MI is $89,900. Monthly rent for a typical unit averages $739, while total monthly housing costs (including utilities and insurance) average $748.
Rent-to-income ratio: 18.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Bay City, MI is $47,904. The unemployment rate stands at 6.5%, with a labor force of 16,080 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.