Bay City is a city in Michigan state in USA with a population of 32892 residents.. The poverty rate of Bay City is 24.7%, which is 76% higher than national average. The typical household in Bay City earns $38014 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Bay City, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Bay City remained 7.9%, which is 68% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Bay City, only 16% of adults have a bachelor's degree and 36% have some college but no degree.

Cost of living in Bay City is 85, which is 15% lower than national average. Median home value in Bay City is $68000 , which is 70% lower than national average. While median income in Bay City remained $38014, which is 44% lower than national average.