Cost of Living in Michigamme, MI
Population: 196 | Michigan
Michigamme is 14% less expensive than the national average.
Cost of Living in Michigamme, MI: What You Need to Know
With a cost of living index of 87, Michigamme, 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. Michigamme is a small community of 196 residents.
The median household income in Michigamme is $48,750, which is 35% 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
- $48,750
- vs US Median ($75,149)
- -35%
Housing
- Median Home Value
- $166,300
- Median Monthly Housing Cost
- $800/mo