Cost of Living in Applegate, MI

With a cost of living index of 73, Applegate, MI is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 5% below the Michigan state average of 78. Applegate is a small community of 251 residents.

Housing costs are the biggest factor in Applegate's cost of living. The median monthly rent is $1,063 (19% below the US median of $1,319), and the median home value sits at $93,800 (69% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Applegate is $62,667, which is 17% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.