Places/MI/Bay County, MI
County profile

Bay County, MI

United States · GDP 2024
#741 of 3,127 US counties by GDP35th-percentile growthmore diversified than 62% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$4.7B
BEA · 2024
GDP growth (YoY)
+2.8%
BEA · 2024
Jobs tracked
29,377
Census CBP · 2023
Employers
2,044
Census CBP · 2023
Avg. wage
$53.5k
BLS QCEW · 2023
Population
102,123
Census PEP · 2025
Labor, income & education
Unemployment
5.4%
Median HH income
$61.8k±$2.5k
Bachelor's degree+
22.1%±1.3%
Poverty rate
13.2%±1.2%
Business applications
924 · 2025
Retail establishments
356
34.8/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1All World Resources CorporationTechnology2RWC, Inc.Industrials

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care31%
Retail trade23%
Manufacturing18%
Food & accommodation16%
Other services6%
Wholesale trade6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
102,123
residents · 2025 · -1.6% since 2020
Income per capita $55.6k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+927
International migration+146
Natural change2,693

GDP trend

20192024 · nominal
$3.7B
2019
$3.8B
2020
$4.3B
2021
$4.5B
2022
$4.6B
2023
$4.7B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$152.2k±$3.6k
Median gross rent
$860/mo±$37/mo
Vacancy rate
7.3%±1.0%
Affordability
2.8× wages
Residential permits
$18.6M
67 units · 0.7/1k pop
FEMA risk score
78.2
HUD Fair Market Rent (2BR):$1.0k/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 95Strong wind 94Cold wave 90
FHFA HOUSE PRICE INDEX · 20162025
239
2016
248
2017
260
2018
271
2019
282
2020
318
2021
364
2022
394
2023
429
2024
451
2025
RESIDENTIAL PERMITS · 20212025
-9% since 2021
74
2021
67
2022
38
2023
35
2024
67
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.8 km
I-75
Nearest freight rail
2.8 km
LSRC
Nearest port
13.4 km
CONSUMERS POWER CO., ESSEXVILLE WHARF
Nearest commercial airport
20.7 km
MBS INTL
Wage trend
BLS QCEW · 20192023
$53.5k
avg. annual pay · +24% since 2019
The read

What is the GDP of Bay?

Bay's economy produced $4.7B in 2024, growing 2.8% year over yearslower than 65% of US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.