Menominee township, MI Cost of Living

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Menominee township cost of living score
Less expensive
20.1% lower
than the US average
12.7% lower
than the Michigan average
Menominee township, Michigan gets a BestPlaces Cost of Living score of 79.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.1% lower than the U.S. average and 12.7% higher than the average for Michigan.

Menominee township, MI

Housing costs in Menominee township?
A typical home costs $188,100, which is 44.4% less expensive than the national average of $338,100 and 14.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Menominee township costs $810 per month, which is 43.4% more than the national average of $1,430 and 35.8% more than the state average of $1,100.

Can I afford Menominee township?
To live comfortably in Menominee township, Michigan, a minimum annual income of $36,000 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Menominee township?
The cost of living in Menominee township, MI is fairly low, making it an attractive option for families who are looking for a more affordable place to live. The median home value in Menominee township is currently listed at $90,700, which is significantly lower than the average median home value in Michigan of $136,500. Additionally, the median household income in Menominee township is $47,628 which is slightly lower than the Michigan state median household income of $49,576. This combination of low housing costs and relatively low incomes make it possible to live comfortably on a more modest budget.
   Cost of living score
     CategoriesMenominee townshipMichiganUnited States

   100=National Average

   Average Rent by Bedroom Size
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