Housing costs in Escanaba?
A typical home costs
$132,500, which is 60.8% less expensive than the national average of
$338,100 and 39.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Escanaba costs
$850 per month, which is 22.7% cheaper than the national average of
$1,100 and 2.4% more than the state average of
$830.
Can I afford Escanaba?
To live comfortably in Escanaba (zip 49829), Michigan, a minimum annual income of
$25,560 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Escanaba?
The cost of living in 49829 Escanaba, MI is quite reasonable. The overall cost of living index is at 81.1, which is 19.9% lower than the national average. Housing costs are especially low with an average home price of only $89,000 and a median rent of just $674 per month. Utilities are also affordable, with electricity rates 14% lower than the national average. Additionally, food costs tend to be lower than the state's average due to its location within Michigan's Upper Peninsula. All in all, 49829 Escanaba, MI is an affordable place to live for those on a budget who don't mind the colder climate.