Living in Stephenson, Michigan
Cost of living, income, home prices, rent and demographics of Stephenson · Census data 2020–2024
Stephenson has 902 residents with a median age of 41.6. The median household income is $44,600 (39% lower than the Michigan median), the median home value is $101,800, the median rent is $688/month.
Stephenson is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Stephenson at a glance
- Population
- 902
- Median age
- 41.6State: 40.2
- Median household income
- $44,600State: $72,875
- Median home value
- $101,800State: $231,600
- Median rent
- $688/moState: $1,129
- Homeowners
- 73.4%
- Bachelor's degree or higher
- 16.3%
- Average commute
- 26 min
Is Stephenson a good place to live?
Pros: Home values 56% lower than the state median.
Cons: Median household income 39% lower than the Michigan median; an average commute of 26 minutes; unemployment of 6.1%; a poverty rate of 15.5%.
The weather is best in June to September.
Cost of living in Stephenson
Housing is the biggest part of the cost of living. In Stephenson the median home value is $101,800, 69% lower than the U.S. median. Renters pay a median of $688 per month, which is 32.5% of household income. Homeowners with a mortgage pay $985 a month in housing costs.
Stephenson median household income
The median household income in Stephenson is $44,600 and the income per person is $26,612. 15.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Stephenson: homes for sale and rent
- Housing units
- 427
- Owner-occupied
- 73.4%
- Renter-occupied
- 26.6%
- Vacant
- 11.9%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.26
Stephenson demographics
- Population
- 902
- Median age
- 41.6
- Under 18
- 18.2%
- 65 and older
- 26.8%
- Households
- 376
- Foreign-born
- 1.1%
- Veterans
- 13.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Stephenson ›
Education in Stephenson
16.3% of adults 25 and older in Stephenson have a bachelor's degree or higher (Michigan: 32.4%), and 1.2% have a graduate or professional degree.
Jobs and commute in Stephenson
- Unemployment rate
- 6.1%State: 5.7%
- Average commute
- 26 minState: 24 min
- Work from home
- 9.2%
- Drive alone
- 73.9%
- Public transit
- 0%
- Walk to work
- 9.8%
- Homes with broadband
- 86.2%
Stephenson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stephenson | 902 | $44,600 | $101,800 | $688 |
| Daggett | 174 | $48,500 | $108,000 | $938 |
| Carney | 177 | $48,750 | $114,200 | $890 |
| Wausaukee | 531 | $48,897 | $98,300 | $591 |
| Powers | 360 | $35,417 | $99,400 | $394 |
| Amberg | 185 | $40,663 | $130,900 | — |
| Menominee | 8,326 | $49,432 | $104,400 | $735 |
| Hermansville | 666 | $66,964 | $82,700 | $334 |
| Marinette | 11,115 | $58,638 | $120,200 | $807 |
More for people moving to Stephenson
Stephenson ZIP code ›Weather and climate ›Living in Stephenson: FAQ
What is the median household income in Stephenson, MI?
The median household income in Stephenson is $44,600, 39% 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 Stephenson?
The median home value in Stephenson is $101,800, compared with $231,600 in Michigan.
How much is rent in Stephenson?
The median gross rent in Stephenson is $688 per month, about 32.5% of household income.
Is Stephenson, MI a good place to live?
Pluses: home values 56% lower than the state median. Minuses: median household income 39% lower than the Michigan median; an average commute of 26 minutes; unemployment of 6.1%; a poverty rate of 15.5%.
What is the median age in Stephenson?
The median age in Stephenson is 41.6 years (Michigan: 40.2).
How long is the commute in Stephenson?
The average commute to work in Stephenson is 26 minutes; 9.2% of workers work from home.
What is the unemployment rate in Stephenson?
The unemployment rate in Stephenson is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stephenson?
16.3% of adults in Stephenson 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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