Housing costs in Mackinac Island?
A typical home costs
$438,400, which is 29.7% more expensive than the national average of
$338,100 and 100.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Mackinac Island costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 7.6% more than the state average of
$1,100.
Can I afford Mackinac Island?
To live comfortably in Mackinac Island, Michigan, a minimum annual income of
$83,880 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Mackinac Island?
Mackinac Island, MI is known for its unique and charming atmosphere, but the cost of living there can be quite high. Most goods and services on the island come at a premium due to its limited resources and remoteness. The cost of food and housing are particularly expensive as most groceries must be imported from the mainland and property is limited due to the island’s small size. That said, Mackinac Island still remains a popular destination for tourists because of its stunning natural beauty that allows visitors to escape their modern world for a while.