Cost of Living in Keweenaw County, Michigan

$679/mo
Median Monthly Rent
$181,400
Median Home Value
22% below state averageUnaffordable

At a Glance

Median Monthly Rent
$679/mo
22% below state average
Median Home Value
$181,400
36% below national
Rent-to-Income Ratio
23.0%
% 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 Keweenaw County Compares

Median monthly rent comparison

Keweenaw County$679/mo
Michigan Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$679/mo
Median Gross Rent
$181,400
Median Home Value
$686/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Keweenaw County, Michigan

Keweenaw County housing costs prove deceptively low

Keweenaw County's 15.1% rent-to-income ratio beats the national average despite a median household income of just $53,893—well below the US median of $74,755. This affordability advantage stems from exceptionally low rents ($679/month), making housing one of Michigan's cheapest markets even as resident incomes lag nationally.

Keweenaw ranks among Michigan's most affordable

At 15.1%, Keweenaw County's rent-to-income ratio sits comfortably below Michigan's 16.3% statewide average, and its median rent of just $679/month undercuts the state median by $194. This Upper Peninsula county offers genuine affordability—a rarity in Michigan's current housing market.

Keweenaw's isolation keeps rents remarkably cheap

Keweenaw's $679 median rent ranks among Michigan's lowest, running $120 less than neighboring Luce County ($799) and $184 cheaper than Lapeer County ($959). The remote Copper Country location trades accessibility for exceptional housing affordability.

Both rents and ownership costs stay minimal

Renters in Keweenaw pay just $679/month (15.1% of median income), while homeowners spend $686/month (15.3% of income)—among Michigan's lowest costs for either pathway. Median home values hover at $181,400, reflecting the county's modest real estate market.

Keweenaw County: affordability meets remote appeal

If housing costs drive your relocation decision, Keweenaw County delivers genuine value with rent-to-income ratios and absolute costs that rival any Michigan county. The trade-off is geographic isolation in the remote Upper Peninsula—ideal for those prioritizing affordability and natural beauty over urban amenities and job density.

Affordability Calculator

See how your income compares to housing costs in Keweenaw County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,258

per month

Owner Cost Burden

15.3%

of gross income

The median home in Keweenaw County may be a stretch

Median home value is $181,400. Estimated monthly cost: $1,448 vs. your max of $1,258.

Rent Affordability Guide

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Keweenaw County, Michigan?
Keweenaw County, Michigan has a median monthly rent of $679/mo and a median home value of $181,400. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Keweenaw County?
The median gross rent in Keweenaw County is $679/mo. This is 22% below state average for Michigan.
Is Keweenaw County affordable?
Keweenaw County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Keweenaw County's rent compare to the state average?
Keweenaw County's median rent of $679/mo is 22% below state average of $873/mo for Michigan.
What is the median home value in Keweenaw County?
The median home value in Keweenaw County, Michigan is $181,400. This is 36% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Keweenaw County, Michigan? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Keweenaw County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.