Housing costs in Munising?
A typical home costs
$157,300, which is 53.5% less expensive than the national average of
$338,100 and 28.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Munising costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Munising?
To live comfortably in Munising, Michigan, a minimum annual income of
$30,240 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Munising?
The cost of living in Munising, MI is generally affordable and lower than the national average. The median home value is $105,000, which is much lower than the national average of $193,500. Additionally, the median household income in the area is $31,062 and the cost of living index is 85.6, compared to 100 for the United States as a whole. Groceries and housing are particularly affordable, while utilities can be slightly higher due to colder weather in the winter months. Overall, Munising offers an affordable lifestyle with plenty of outdoor activities and natural beauty to enjoy.