Cost of Living in Gogebic County, Michigan
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gogebic County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gogebic County ranks #1,030 of 3,144 counties for affordability (top 33%)
Data Story
About Cost of Living in Gogebic County, Michigan
Bargain rents, modest incomes align well
Gogebic County's rent-to-income ratio of 13.9% is among the nation's most affordable, as renters spend significantly less of their income on housing than the U.S. average. With a median household income of $49,672—the lowest of these eight counties—the low rent environment ($577/month) makes the housing market genuinely accessible.
Michigan's affordability standout
Gogebic ranks well below Michigan's state rent-to-income average of 16.3%, making it one of the state's most affordable rental markets. The median rent of $577 is nearly $300 cheaper than the state average of $873, a gap that compounds savings over a year.
The most affordable option by far
Gogebic's $577 rent is dramatically lower than all comparable counties—Gladwin ($689), Gratiot ($808), and far below Grand Traverse ($1,215). Even accounting for lower incomes here, housing represents the smallest burden relative to earnings in this entire comparison group.
Housing takes just 13.9% of income
Renters spend $577 monthly and homeowners $660, both remarkably light loads against the $49,672 median household income. This county achieves genuine affordability by holding both sides of the housing market—rents and ownership costs—proportional to what residents actually earn.
Maximum affordability, real community tradeoffs
Gogebic County is unbeatable on housing cost, making it ideal for remote workers or retirees on fixed incomes seeking Midwest living. Be aware that lower incomes and an aging population reflect limited job growth, so remote work or other income sources are essential considerations.
Cost of Living Advisory: Gogebic County
Affordability Verdict
Gogebic County is affordable for renters, with a median gross rent of $577/month representing approximately 13.9% of median household income. The rent burden (GRAPI) stands at 29.0%.
Rent vs. Own
The median rent in Gogebic County is $577/month, while owner costs run $660/month. Renting saves approximately $83/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $23,080/year. For owner costs at the 28% rule, the required income is roughly $28,286/year. With a median household income of $49,672, most households can comfortably afford rent here. Notably, 29.0% of renter households in Gogebic County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Iron County where rent averages $510/month, Gogebic County is approximately 13% more expensive.
Affordability Calculator
See how your income compares to housing costs in Gogebic County
Rent Burden
13.9%
of gross income
Max Housing (28% Rule)
$1,159
per month
Owner Cost Burden
15.9%
of gross income
You can likely afford the median home in Gogebic County
Median home value is $99,700. Estimated monthly cost: $796 vs. your max of $1,159.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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