Cost of Living in Grand Marais, MI
Population: 255 | Michigan
Grand Marais is 14% less expensive than the national average.
Cost of Living in Grand Marais, MI: What You Need to Know
With a cost of living index of 86, Grand Marais, MI is a very affordable place to live. Living here is 14% cheaper than the national average and 8% above the Michigan state average of 78. Grand Marais is a small community of 255 residents.
The median household income in Grand Marais is $55,809, which is 26% lower than the national median of $75,149. 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.
Income
- Median Household Income
- $55,809
- vs US Median ($75,149)
- -26%
Housing
- Median Home Value
- $158,500
- Median Monthly Housing Cost
- $724/mo