Cost of Living in Unionville, MI

With a cost of living index of 77, Unionville, MI is a very affordable place to live. Living here is 23% cheaper than the national average and in line with the Michigan state average. Unionville is a small community of 627 residents.

Housing costs are the biggest factor in Unionville's cost of living. The median monthly rent is $1,196 (9% below the US median of $1,319), and the median home value sits at $100,300 (67% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Unionville is $74,356, which is 1% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.