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Tower, 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
275
Population
$56,250
Median Income
$94,800
Home Value
39.4
Median Age

Demographics

Tower has a population of 275 with a median age of 39.4. Here is the racial and ethnic breakdown of the population:

White
82.9%
Hispanic
12.4%
Other
4.7%
Demographic Value
Total Population275
Median Age39.4
White82.9%
Hispanic or Latino12.4%
Other / Two or More Races4.7%
Tower, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 82.9%Hispanic/Latino: 12.4%Other: 4.7%275PopulationWhiteWhite82.9%Hispanic/LatinoHispanic/Latino12.4%OtherOther4.7%

Income & Economy

The median household income in Tower is $56,250, which is 30.2% below the national median of $80,610. The per capita income is $19,294. The poverty rate is 30.5%.

$56,250
Median Household Income
$19,294
Per Capita Income
30.5%
Poverty Rate

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Education

In Tower, 98.1% of residents age 25+ have a high school diploma or higher, and 12.0% hold a bachelor's degree or higher (1.9% with a graduate or professional degree).

HS Diploma+
98.1%
Bachelor's+
12.0%
Graduate+
1.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.1%
Bachelor's Degree or Higher12.0%
Graduate or Professional Degree1.9%

Housing

The median home value in Tower is $94,800, below the national median of $303,400. The median monthly rent is $850. The homeownership rate is 65.6%.

$94,800
Median Home Value
$850/mo
Median Rent
65.6%
Homeownership Rate
Housing Metric Value
Median Home Value$94,800
Median Monthly Rent$850
Homeownership Rate65.6%
Vacancy Rate29.7%

Salaries in Michigan

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Tower, Michigan?
The population of Tower, Michigan is 275 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Tower, Michigan?
The median household income in Tower, Michigan is $56,250. This is 30.2% below the national median of $80,610.
What is the median home value in Tower, Michigan?
The median home value in Tower, Michigan is $94,800. The median monthly rent is $850.
What percentage of people in Tower have a college degree?
In Tower, Michigan, 12.0% of adults age 25 and older hold a bachelor's degree or higher, and 98.1% have a high school diploma or higher.
Is Tower, Michigan an affordable place to live?
The home price-to-income ratio in Tower, Michigan is 1.7x (median home value $94,800 vs. median income $56,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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