Living in Tower, Michigan
Cost of living, income, home prices, rent and demographics of Tower · Census data 2020–2024
Tower has 275 residents with a median age of 39.4. The median household income is $56,250 (23% lower than the Michigan median), the median home value is $94,800, the median rent is $850/month.
Tower is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Tower at a glance
- Population
- 275
- Median age
- 39.4State: 40.2
- Median household income
- $56,250State: $72,875
- Median home value
- $94,800State: $231,600
- Median rent
- $850/moState: $1,129
- Homeowners
- 65.6%
- Bachelor's degree or higher
- 12%
- Average commute
- 26 min
Is Tower a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 23% lower than the Michigan median; an average commute of 26 minutes; unemployment of 9.4%; a poverty rate of 30.5%.
The weather is best in June to September.
Cost of living in Tower
Housing is the biggest part of the cost of living. In Tower the median home value is $94,800, 72% lower than the U.S. median. Renters pay a median of $850 per month, which is 23.4% of household income. Homeowners with a mortgage pay $767 a month in housing costs.
Tower median household income
The median household income in Tower is $56,250 and the income per person is $19,294. 30.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Tower: homes for sale and rent
- Housing units
- 128
- Owner-occupied
- 65.6%
- Renter-occupied
- 34.4%
- Vacant
- 29.7%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 3.06
Tower demographics
- Population
- 275
- Median age
- 39.4
- Under 18
- 20.7%
- 65 and older
- 12.7%
- Households
- 90
- Foreign-born
- 0%
- Veterans
- 15.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Tower ›
Education in Tower
12% of adults 25 and older in Tower have a bachelor's degree or higher (Michigan: 32.4%), and 1.9% have a graduate or professional degree.
Jobs and commute in Tower
- Unemployment rate
- 9.4%State: 5.7%
- Average commute
- 26 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.3%
Tower vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tower | 275 | $56,250 | $94,800 | $850 |
| Onaway | 674 | $41,622 | $69,800 | — |
| Millersburg | 137 | $53,281 | $84,300 | — |
| Canada Creek Ranch | 381 | $76,107 | $207,100 | — |
| Wolverine | 265 | $67,500 | $89,000 | — |
| Indian River | 2,039 | $62,140 | $314,100 | — |
| Cheboygan | 4,820 | $42,290 | $123,200 | $683 |
| Vanderbilt | 341 | $53,958 | $121,200 | $920 |
| Rogers City | 2,878 | $49,266 | $110,200 | $675 |
More for people moving to Tower
Tower ZIP code ›Weather and climate ›Living in Tower: FAQ
What is the median household income in Tower, MI?
The median household income in Tower is $56,250, 23% 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 Tower?
The median home value in Tower is $94,800, compared with $231,600 in Michigan.
How much is rent in Tower?
The median gross rent in Tower is $850 per month, about 23.4% of household income.
Is Tower, MI a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 23% lower than the Michigan median; an average commute of 26 minutes; unemployment of 9.4%; a poverty rate of 30.5%.
What is the median age in Tower?
The median age in Tower is 39.4 years (Michigan: 40.2).
How long is the commute in Tower?
The average commute to work in Tower is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Tower?
The unemployment rate in Tower is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tower?
12% of adults in Tower 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.
Last updated: