Cost of Living in Schoolcraft County, MI

What does it cost to live in Schoolcraft County? Income, housing, and affordability breakdown.

Median Income

$55,071

Median Rent

$572/mo

Median Home

$129,100

Affordability

570

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$653
Property Tax$109
Insurance$43

Total Monthly$805
% of Income17.5%

Renting

Median Rent$572
Renter's Insurance$25

Total Monthly$597
% of Income12.5%

Living in Schoolcraft County, Michigan

Schoolcraft County has a median household income of $55,071 with housing costs that represent 17.5% of income for owners and 12.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 570 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Michigan

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.