Bay County · Michigan · Midwest · 32k residents
Bay City, MI: economy, jobs & business costs
The site-selection read on Bay City: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,103/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Bay City side by side
Avg. weekly wage
$1,103/wk
Corporate income tax
6%
Bachelor's degree or higher
18.8%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Bay City's economy is moving, ranked against the US cities we track.
44/100
Steady
Ranks Bay City's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $97,600 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $576/mo |
| 2-bedroom rent | $822/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,103/wk |
| Bachelor's degree or higher | 18.8% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | 21.2/1k |
| Wage: Software developer | $124,420 |
| Wage: Registered nurse | $94,300 |
| Wage: General manager | $81,450 |
| Wage: Customer service | $38,880 |
| Wage: Warehouse worker | $33,320 |
| Wage: Heavy truck driver | $57,320 |
| Wage: Electrician | $80,450 |
| Wage: Retail salesperson | $33,320 |
| Cost of living index | 72 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $49,420 |
| Unemployment rate | 4.1% |
| Population | 32k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | 78/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 82°F |
| January low | 16°F |
| Annual snowfall | — |
| Home price YoY | +5.7% |
| Home price MoM | -0.2% |
| Rent YoY | +7.7% |
| Rent MoM | +1.7% |
| Employment (jobs) YoY | +0.1% |
| Building permits YoY | — |
| Ocean coast | 555 mi |
| Big lake | < 3 mi |
| Mountains | 409 mi |
| Major airport | 95 mi |
| Ski resort | 118 mi |
Popular comparisons
Nearby
- Saginaw, MI · 44k
- Midland, MI · 43k
- Flint, MI · 80k
- Mount Pleasant, MI · 21k
- Burton, MI · 30k
Similar size
- Jackson, MI · 31k
- Eastpointe, MI · 34k
- Holland, MI · 34k
- Southgate, MI · 29k
- Oak Park, MI · 29k
Real listings in Bay City
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Bay City a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,103/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Bay City, MI?
- Bay City indexes at 72 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $822/mo and a acs median home value of $97,600.
- How much does a house cost in Bay City?
- The acs median home value in Bay City is $97,600 (Census ACS estimate; individual listings vary).
- How much is rent in Bay City?
- A two-bedroom in Bay City rents for about $822/mo.