Housing costs in Petoskey?
A typical home costs
$346,000, which is 2.3% more expensive than the national average of
$338,100 and 58.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Petoskey costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,100.
Can I afford Petoskey?
To live comfortably in Petoskey, Michigan, a minimum annual income of
$66,240 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Petoskey?
Petoskey, MI is known as an affordable place to live, with a cost of living lower than the U.S. average. According to data from Sperling’s Best Places, housing costs are almost 10% lower than the national average and utility costs are also significantly below average. Groceries and healthcare are on par with the national averages, while transportation costs in Petoskey are slightly higher due to its relative isolation. In general, Petoskey offers a low cost of living for those looking to save money while maintaining access to necessary goods and services.