Cost of Living in Clare County, Michigan

$743/mo
Median Monthly Rent
$117,400
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$743/mo
15% below state average
Median Home Value
$117,400
58% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Clare County Compares

Median monthly rent comparison

Clare County$743/mo
Michigan Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$743/mo
Median Gross Rent
$117,400
Median Home Value
$706/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clare County, Michigan

Clare's Housing Costs Strain Lower Incomes

Clare County residents spend 17.9% of their income on rent—notably higher than both the national and state averages—putting housing affordability at the edge of comfort for many renters. With a median household income of just $49,805 (well below the national average of $74,755), this gap creates real affordability challenges despite modest rents of $743 monthly.

Among Michigan's Least Affordable Counties

Clare County ranks among Michigan's least affordable for renters, with a 17.9% rent-to-income ratio exceeding the state average of 16.3% by 1.6 percentage points. The county's combination of lower-than-average incomes and higher-than-average rent burden reflects structural economic challenges across the region.

Affordability Pressures Across Rural North Michigan

Clare County's $743 rent is competitive regionally, but its 17.9% rent-to-income ratio is the highest among nearby Upper Peninsula counties, including Chippewa (15.7%), Crawford (16.9%), and Delta (15.3%). This reflects Clare's particularly low median income relative to its rental costs.

Homeownership Offers Slight Relief for Clare Residents

Renters in Clare County dedicate 17.9% of income to $743 monthly rent, while homeowners pay $706 per month for their mortgages—creating a rare case where ownership costs less than renting. Median home values of $117,400 make entry-level ownership more accessible than renting for many households.

Clare Works Better for Owner-Occupants

If you're relocating to Northern Michigan, Clare County offers lower home values ($117,400) and ownership costs ($706) that can offset its challenging rental market. Buyers in particular may find Clare's affordability advantage worth exploring compared to renting or purchasing in higher-cost neighboring counties.

Affordability Calculator

See how your income compares to housing costs in Clare County

$

Rent Burden

17.9%

of gross income

Max Housing (28% Rule)

$1,162

per month

Owner Cost Burden

17.0%

of gross income

You can likely afford the median home in Clare County

Median home value is $117,400. Estimated monthly cost: $937 vs. your max of $1,162.

Rent Affordability Guide

Your rent-to-income ratio17.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clare County, Michigan?
Clare County, Michigan has a median monthly rent of $743/mo and a median home value of $117,400. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Clare County?
The median gross rent in Clare County is $743/mo. This is 15% below state average for Michigan.
Is Clare County affordable?
Clare County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clare County's rent compare to the state average?
Clare County's median rent of $743/mo is 15% below state average of $873/mo for Michigan.
What is the median home value in Clare County?
The median home value in Clare County, Michigan is $117,400. This is 58% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.