Housing costs in Munising?
A typical home costs
$158,800, which is 53.0% less expensive than the national average of
$338,100 and 27.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Munising costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Munising?
To live comfortably in Munising (zip 49862), Michigan, a minimum annual income of
$30,600 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Munising?
The cost of living in 49862 Munising, MI is generally low, with the median home value being far lower than the average across the United States. The overall cost of living index in this area is 89.6, which is 11.4% lower than the U.S. average. Housing costs are particularly low compared to other places in Michigan and nationwide, making it an attractive option for those looking for affordable living. Additionally, utilities are quite low with natural gas prices at just $1 per therm and electricity costing about 9 cents per kilowatt-hour (kWh). This figure is much lower than the national average of 10 cents per kWh. Other necessities such as groceries and transportation also remain reasonably priced, making 49862 Munising a great place to live for those seeking an affordable lifestyle.