Big Bay, MI Profile: Facts & Data

The Big Bay CDP⁽¹⁾ had a population of 256 as of July 1, 2024. Big Bay ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Big Bay is located at latitude 46.8158 and longitude -87.7285 in Marquette County. The formal boundaries for the Big Bay Census Designated Place encompass a land area of 3.78 sq. miles and a water area of 2.15 sq. miles. Marquette County is in the Eastern time zone (GMT -5).

The Big Bay Census Designated Place 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.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Big Bay, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	256 (100%)
Population in Households	256 (100.0%)
Population in Families	183 (71.5%)
Population in Group Quarters¹	0
Population Density	66
Diversity Index²	26


INCOME
Median Household Income	$42,222
Average Household Income	$68,505
% of Income for Mortgage⁴	32%
Per Capita Income	$43,084
Wealth Index⁵	76
Socioeconomic Status Index⁶	High (66.2)

HOUSING
Total HU (Housing Units)	362 (100%)
Owner Occupied HU	140 (38.7%)
Renter Occupied HU	21 ( 5.8%)
Vacant Housing Units	201 (55.5%)
Median Home Value	$213,636
Average Home Value	$547,857
Housing Affordability Index³	76

HOUSEHOLDS
Total Households	161
Average Household Size	1.59
Family Households	92
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Big Bay, MI - Peer Comparisons by Rank and Percentile

The table below compares Big Bay to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.09%	-0.16%
Households	-1.27%	0.00%
Families		1.68%
Median Household Income		2.01%
Per Capita Income		4.88%
Owner Occupied HU		0.98%

Variable Description	Rank	Percentile
Total Population	# 659	12th
Population Density	# 731	2nd
Median Household Income	# 701	6th
Housing Affordability Index	# 50	7th
Per Capita Income	# 187	75th
Diversity Index	# 307	59th

Big Bay, MI Profile: Facts & Data

Big Bay, Michigan - Basic Facts

Big Bay, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Big Bay, MI - Peer Comparisons by Rank and Percentile

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