Living in Ramsay, Michigan

Cost of living, income, home prices, rent and demographics of Ramsay · Census data 2020–2024

Ramsay has 312 residents with a median age of 31.7. The median household income is $54,643 (25% lower than the Michigan median), the median home value is $67,700.

Ramsay is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.

Ramsay at a glance

Population
312
Median age
31.7State: 40.2
Median household income
$54,643State: $72,875
Median home value
$67,700State: $231,600
Homeowners
91.3%
Bachelor's degree or higher
6.6%
Average commute
17 min

Is Ramsay a good place to live?

Pros: Home values 71% lower than the state median; an average commute of 17 minutes.

Cons: Median household income 25% lower than the Michigan median; a poverty rate of 19.9%.

The weather is best in June to September.

Cost of living in Ramsay

Housing is the biggest part of the cost of living. In Ramsay the median home value is $67,700, 80% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $921 a month in housing costs.

Median home value

Ramsay$67,700
Michigan$231,600
United States$332,700

Median monthly rent

Michigan$1,129
United States$1,413

Ramsay median household income

The median household income in Ramsay is $54,643 and the income per person is $27,052. 19.9% of residents live below the poverty line (Michigan: 13.2%).

Median household income

Ramsay$54,643
Michigan$72,875
United States$80,734

Housing in Ramsay: homes for sale and rent

Housing units
190
Owner-occupied
91.3%
Renter-occupied
8.7%
Vacant
27.4%Includes seasonal homes
Median year built
1938
Average household size
2.26

Ramsay demographics

Population
312
Median age
31.7
Under 18
26.9%
65 and older
26%
Households
138
Foreign-born
2.9%
Veterans
20.6%Adults 18+

Race and ethnicity

White89.7%
Hispanic or Latino5.4%
Black0%
Asian0%

Hispanic or Latino can be of any race. Population history of Ramsay ›

Education in Ramsay

6.6% of adults 25 and older in Ramsay have a bachelor's degree or higher (Michigan: 32.4%), and 4.8% have a graduate or professional degree.

Bachelor's degree or higher

Ramsay6.6%
Michigan32.4%
United States35.7%

Jobs and commute in Ramsay

Unemployment rate
0%State: 5.7%
Average commute
17 minState: 24 min
Work from home
0%
Drive alone
96.5%
Public transit
0%
Walk to work
0%
Homes with broadband
72.5%

Ramsay vs nearby towns

TownPopulationMedian incomeHome valueRent
Ramsay312$54,643$67,700—
Bessemer1,733$53,523$69,900$546
Wakefield1,683$55,759$79,100$649
Ironwood4,997$41,250$83,100$622
Hurley1,354$47,083$86,700$678
Montreal909$66,364$97,800$585
Pence149$70,625$115,000—
Marenisco223$39,375$47,500—
Iron Belt140$57,969$65,400—

More for people moving to Ramsay

Ramsay ZIP code ›Weather and climate ›

Living in Ramsay: FAQ

What is the median household income in Ramsay, MI?

The median household income in Ramsay is $54,643, 25% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

What is the average home price in Ramsay?

The median home value in Ramsay is $67,700, compared with $231,600 in Michigan.

Is Ramsay, MI a good place to live?

Pluses: home values 71% lower than the state median; an average commute of 17 minutes. Minuses: median household income 25% lower than the Michigan median; a poverty rate of 19.9%.

What is the median age in Ramsay?

The median age in Ramsay is 31.7 years (Michigan: 40.2).

How long is the commute in Ramsay?

The average commute to work in Ramsay is 17 minutes; 0% of workers work from home.

What is the unemployment rate in Ramsay?

The unemployment rate in Ramsay is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

How educated is Ramsay?

6.6% of adults in Ramsay have a bachelor's degree or higher.

Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.

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