Cost of Living in Dickinson County, Michigan

$744/mo
Median Monthly Rent
$130,300
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$744/mo
15% below state average
Median Home Value
$130,300
54% below national
Rent-to-Income Ratio
27.0%
% 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 Dickinson County Compares

Median monthly rent comparison

Dickinson County$744/mo
Michigan Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$744/mo
Median Gross Rent
$130,300
Median Home Value
$750/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Dickinson County, Michigan

Dickinson Delivers Strong Rental Affordability

Dickinson County residents spend 14.4% of their household income on rent—tied with Clinton County for the lowest ratio among profiled Michigan counties and well below the national average. With a median household income of $61,882 and monthly rents of $744, Dickinson offers compelling affordability for renters across income levels.

Among Michigan's Most Affordable Counties

Dickinson County ranks second in Michigan rental affordability with a 14.4% rent-to-income ratio, beating the state average of 16.3% and offering rents 15% below Michigan's median of $873. This combination positions Dickinson as one of the state's strongest housing markets for renters.

Upper Peninsula's Sweetest Rental Deal

Dickinson County's $744 rent and 14.4% ratio beat or match most regional peers—only Delta ($698) offers lower absolute rent, but Dickinson's higher income-to-cost ratio and lower median home value ($130,300) create superior overall affordability. For renters valuing both low costs and ownership potential, Dickinson outperforms its neighbors.

Ownership Costs Nearly Mirror Renting

Dickinson County renters and homeowners pay nearly identical monthly costs—$744 for rent versus $750 for mortgages—creating genuine flexibility between housing pathways. The median home value of $130,300 makes ownership achievable for many households earning the county's $61,882 median income.

Dickinson Rivals Michigan's Best Affordability

Dickinson County joins Michigan's top-tier affordable counties with a 14.4% rent-to-income ratio and balanced rents and ownership costs around $750 monthly. If you're comparing Michigan relocations and value both rental and ownership affordability, Dickinson delivers competitive fundamentals without Delta's isolation or Clinton's premium pricing.

Affordability Calculator

See how your income compares to housing costs in Dickinson County

$

Rent Burden

14.4%

of gross income

Max Housing (28% Rule)

$1,444

per month

Owner Cost Burden

14.5%

of gross income

You can likely afford the median home in Dickinson County

Median home value is $130,300. Estimated monthly cost: $1,040 vs. your max of $1,444.

Rent Affordability Guide

Your rent-to-income ratio14.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Dickinson County, Michigan?
Dickinson County, Michigan has a median monthly rent of $744/mo and a median home value of $130,300. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Dickinson County?
The median gross rent in Dickinson County is $744/mo. This is 15% below state average for Michigan.
Is Dickinson County affordable?
Dickinson County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Dickinson County's rent compare to the state average?
Dickinson County's median rent of $744/mo is 15% below state average of $873/mo for Michigan.
What is the median home value in Dickinson County?
The median home value in Dickinson County, Michigan is $130,300. This is 54% 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.