Also See: Hancock, MI ZIP Codes & ZIP Code Maps
The Dollar Bay Census Designated Place had a population of 1,057 as of July 1, 2020. Dollar Bay ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.
The primary coordinate point for Dollar Bay is located at latitude 47.1196 and longitude -88.5115 in Houghton County. The formal boundaries for the Dollar Bay Census Designated Place encompass a land area of 4.07 sq. miles and a water area of 0.56 sq. miles. Houghton County is in the Eastern time zone (GMT -5). The elevation is 627 feet.
The Dollar Bay Census Designated Place (GNIS ID: 2628663) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
|Total Population||1,057 (100%)|
|Population in Households||1,053 (99.6%)|
|Population in Families||800 (75.7%)|
|Population in Group Quarters1||4 ( 0.4%)|
|Median Household Income||$55,420|
|Average Household Income||$70,105|
|% of Income for Mortgage4||13%|
|Per Capita Income||$29,605|
|Total HU (Housing Units)||485 (100%)|
|Owner Occupied HU||319 (65.8%)|
|Renter Occupied HU||102 (21.0%)|
|Vacant Housing Units||64 (13.2%)|
|Median Home Value||$173,333|
|Average Home Value||$199,057|
|Housing Affordability Index3||191|
|Average Household Size||2.5|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.39%|
|Per Capita Income||2.04%|
|Owner Occupied HU||-0.25%|
The table below compares Dollar Bay to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 421||39th|
|Population Density||# 601||13th|
|Median Household Income||# 275||60th|
|Housing Affordability Index||# 221||32nd|
|Per Capita Income||# 236||66th|
|Diversity Index||# 656||5th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.