Cost of Living in Bay City, Michigan
Bay City has a population of about 32,320. The median household income is $49,420, median gross rent is $766/month, and the median home value is $97,600. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Bay City expensive to live in?
Compared with the national median in this dataset, rent in Bay City is 54% below the national median and home values are 74% below the national median. Household income here is 41% below the national median. Monthly rent represents roughly 19% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Bay City?
The median gross rent in Bay City, Michigan is $766 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Bay City?
The median owner-occupied home value in Bay City is $97,600 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Bay City?
The median household income in Bay City is $49,420 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.