Housing costs in Menominee?
A typical home costs
$127,900, which is 62.2% less expensive than the national average of
$338,100 and 41.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Menominee costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,100.
Can I afford Menominee?
To live comfortably in Menominee, Michigan, a minimum annual income of
$24,480 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Menominee?
The cost of living in Menominee, MI is relatively low. According to Sperling's BestPlaces, the overall cost of living index for Menominee is 79.2, which is lower than the US average of 100. Housing costs are particularly affordable; with a median home price of $79,000 and an average rent of $571 per month, it's much more affordable to live in Menominee compared to other areas. Groceries and utilities also have lower costs than elsewhere in the US, making Menominee a great choice for people looking for an affordable place to live.