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Dexter, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
4,521
Population
$106,637
Median Income
$421,000
Home Value
43.4
Median Age

Demographics

Dexter has a population of 4,521 with a median age of 43.4. Here is the racial and ethnic breakdown of the population:

White
92.5%
Hispanic
5.2%
Asian
1.7%
Black
0.8%
Demographic Value
Total Population4,521
Median Age43.4
White92.5%
Black or African American0.8%
Asian1.7%
Hispanic or Latino5.2%
Dexter, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 92.3%Hispanic/Latino: 5.2%Other: 2.5%4,521PopulationWhiteWhite92.3%Hispanic/LatinoHispanic/Latino5.2%OtherOther2.5%

Income & Economy

The median household income in Dexter is $106,637, which is 32.3% above the national median of $80,610. The per capita income is $62,671. The poverty rate is 0.8%.

$106,637
Median Household Income
$62,671
Per Capita Income
0.8%
Poverty Rate

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Education

In Dexter, 97.4% of residents age 25+ have a high school diploma or higher, and 70.3% hold a bachelor's degree or higher (33.8% with a graduate or professional degree).

HS Diploma+
97.4%
Bachelor's+
70.3%
Graduate+
33.8%
Education Level % of Adults (25+)
High School Diploma or Higher97.4%
Bachelor's Degree or Higher70.3%
Graduate or Professional Degree33.8%

Housing

The median home value in Dexter is $421,000, above the national median of $303,400. The median monthly rent is $1,761. The homeownership rate is 77.2%.

$421,000
Median Home Value
$1,761/mo
Median Rent
77.2%
Homeownership Rate
Housing Metric Value
Median Home Value$421,000
Median Monthly Rent$1,761
Homeownership Rate77.2%
Vacancy Rate1.3%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Dexter, Michigan?
The population of Dexter, Michigan is 4,521 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Dexter, Michigan?
The median household income in Dexter, Michigan is $106,637. This is 32.3% above the national median of $80,610.
What is the median home value in Dexter, Michigan?
The median home value in Dexter, Michigan is $421,000. The median monthly rent is $1,761.
What percentage of people in Dexter have a college degree?
In Dexter, Michigan, 70.3% of adults age 25 and older hold a bachelor's degree or higher, and 97.4% have a high school diploma or higher.
Is Dexter, Michigan an affordable place to live?
The home price-to-income ratio in Dexter, Michigan is 3.9x (median home value $421,000 vs. median income $106,637), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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