Cost of Living in Newaygo County, Michigan
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Newaygo County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Newaygo County ranks #1,742 of 3,142 counties for affordability (bottom 45%)
Sourced county brief
Newaygo County Median Home Value Estimated at 186,700 Dollars
The median home value in Newaygo County was estimated at $186,700, a figure that is $10,593 lower than the Michigan unweighted county mean of $197,293. Median selected monthly owner costs for all owner-occupied units in the county are $870, compared to the state unweighted mean of $918. The official ACS B25071 GRAPI, which is the median gross rent as a percentage of household income, is 27.5%. This is 1.4 percentage points lower than the Michigan unweighted county mean of 28.9%. Median gross rent is $904 per month, while the state unweighted county mean is $906. The median income for renter-occupied households was recorded at $39,289. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Newaygo County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.5% of renter household income in Newaygo County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $904 per month; median selected monthly owner costs are $870. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,160 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Michigan unweighted mean of county median rents is $906 per month. Newaygo County's $904 median is 0.2% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Newaygo County
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,477
per month
Owner Cost Burden
16.5%
of gross income
The median home in Newaygo County may be a stretch
Median home value is $186,700. Estimated monthly cost: $1,490 vs. your max of $1,477.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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