Schoolcraft township (Houghton County), MI Cost of Living


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United States / Michigan / Houghton Metro Area / Houghton County / Schoolcraft township (Houghton County) / Zip Codes
How much do I need to live in Schoolcraft township (Houghton County), Michigan?
$2,100 / month
for a family, 61.1% less expensive than the national average A total of $25,200 for the year for a family.
$2,267 / month
for a single person, 52.4% less expensive than the national average A total of $27,200 for the year for a single person.

Schoolcraft township (Houghton County) cost of living score
80.3
Less expensive
19.7% lower
than the US average
12.2% lower
than the Michigan average
Schoolcraft township (Houghton County), Michigan gets a BestPlaces Cost of Living score of 80.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.7% lower than the U.S. average and 12.2% higher than the average for Michigan.

Schoolcraft township (Houghton County), MI

Housing costs in Schoolcraft township (Houghton County)?
A typical home costs $130,600, which is 61.4% less expensive than the national average of $338,100 and 40.3% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Schoolcraft township (Houghton County) costs $830 per month, which is 42.0% more than the national average of $1,430 and 32.5% more than the state average of $1,100.

Can I afford Schoolcraft township (Houghton County)?
To live comfortably in Schoolcraft township (Houghton County), Michigan, a minimum annual income of $25,200 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Schoolcraft township (Houghton County)?
Schoolcraft Township (Houghton County), MI is a great place to live with an affordable cost of living. The median home value in 2018 was $101,746, which is much lower than the national average. Additionally, the average rent for a two-bedroom apartment is around $675 per month, which is well below the national average. In terms of utilities, Schoolcraft Township residents pay about $133 per month on average, which is slightly higher than the national average but still relatively affordable. Overall, the cost of living in Schoolcraft Township is quite reasonable and provides an excellent opportunity for those looking for a comfortable lifestyle without breaking the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSchoolcraft township (Houghton County)MichiganUnited States
    Unlock91.5100.0
  91.2  Unlock100.0
    Unlock84.8100.0
  34.0  Unlock100.0
    Unlock$218,700$338,100
  121.2  Unlock100.0
    Unlock115.1100.0
  94.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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