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Cost of Living in Emmet County, MI

Population 34,125 · Census ACS 2020–2024 5-year estimates

Median rent$1,112
Median home value$315,700
Median household income$78,112

The median rent in Emmet County, MI is $1,112/month, about the same as the Michigan median and 21% lower than the U.S. median. The median home value is $315,700, 5% lower than the national median. Households earn a median of $78,112 a year, 7% higher than the state median.

Affordability

Rent as a share of median income: 17.1%
Income needed for median rent (30% rule): $44,480/yr
Home price-to-income ratio: 4.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,596/mo

Run your own numbers: mortgage calculator · hourly to salary

Emmet County vs. Michigan vs. U.S.

Emmet CountyMichiganU.S.
Median rent$1,112$1,129$1,413
Median home value$315,700$231,600$332,700
Median household income$78,112$72,875$80,734
Homeownership rate77.0%73.2%65.2%
Bachelor's degree or higher41.6%32.4%35.7%
Poverty rate8.5%13.2%12.5%
Unemployment rate3.2%5.7%5.2%
Work from home10.7%13.5%15.1%
Median age47.040.238.9

FAQ

What is the average rent in Emmet County, MI?

The median gross rent in Emmet County, MI is $1,112 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Emmet County, MI?

Using the common 30% rule, renting a median-priced home takes about $44,480 a year in gross income.

Is Emmet County, MI expensive to live in?

Rent there is 21% lower than the U.S. median, and the median home costs about 4.0 times the median household income.

Other counties in Michigan

Wayne County, MIRent $1,132 · Income $60,539Oakland County, MIRent $1,376 · Income $97,760Macomb County, MIRent $1,211 · Income $77,837Kent County, MIRent $1,243 · Income $82,631Genesee County, MIRent $989 · Income $62,281Washtenaw County, MIRent $1,463 · Income $89,180

Counties with a similar cost of living

Morgan County, GARent $1,108 · Income $78,111Lebanon County, PARent $1,110 · Income $78,425Warren County, NYRent $1,105 · Income $78,442Lewis and Clark County, MTRent $1,102 · Income $78,237Windsor County, VTRent $1,118 · Income $77,594Onondaga County, NYRent $1,108 · Income $76,945

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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