Cost of Living in Painesdale, MI
Population: 353 | Michigan
Painesdale is 20% less expensive than the national average.
Cost of Living in Painesdale, MI: What You Need to Know
With a cost of living index of 80, Painesdale, MI is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Michigan state average. Painesdale is a small community of 353 residents.
The median household income in Painesdale is $62,436, which is 17% 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
- $62,436
- vs US Median ($75,149)
- -17%
Housing
- Median Home Value
- $84,800
- Median Monthly Housing Cost
- $769/mo