Housing costs in Michigamme?
A typical home costs
$190,000, which is 43.8% less expensive than the national average of
$338,100 and 13.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Michigamme costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 22.2% cheaper than the state average of
$1,100.
Can I afford Michigamme?
To live comfortably in Michigamme (zip 49861), Michigan, a minimum annual income of
$36,360 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Michigamme?
The cost of living in 49861 Michigamme, MI is quite affordable compared to other areas in the country. The median home price is just over $90,000 and the median household income is around $48,000. This makes it a great place for those looking for an affordable place to live without sacrificing quality of life. Additionally, the cost of groceries and utilities is also lower than average in this area. All in all, 49861 Michigamme, MI offers a great opportunity for those looking to move to a budget-friendly location that still provides plenty of amenities and activities that make living enjoyable.