Cost of Living in Oceana County, Michigan

$768/mo
Median Monthly Rent
$167,600
Median Home Value

At a Glance

Median Monthly Rent
$768/mo
12% below state average
Median Home Value
$167,600
41% below national
Rent-to-Income Ratio
26.0%
% 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 Oceana County Compares

Median monthly rent comparison

Oceana County$768/mo
Michigan Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$768/mo
Median Gross Rent
$167,600
Median Home Value
$836/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Oceana County ranks #1,995 of 3,144 counties for affordability (bottom 37%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Oceana County, Michigan

Oceana delivers genuine housing bargains

Oceana residents spend just 14.5% of income on rent, beating the national average of 16.3% by nearly 2 percentage points while earning $11,131 less than U.S. medians. This advantage signals that Oceana offers authentic housing value despite below-average county income.

Michigan's most affordable rental county

Oceana's 14.5% rent-to-income ratio ranks as Michigan's best, nearly 2 percentage points below the state average of 16.3% and well below all peer counties. This leadership makes Oceana Michigan's standout bargain for renters seeking maximum affordability.

The region's affordability champion

Oceana's $768 rent is the region's lowest and its 14.5% burden unmatched—beating Montcalm (16.0%), Missaukee (16.3%), and all other nearby counties. Combined with moderate ownership costs of $836, Oceana emerges as this entire region's housing value leader by a decisive margin.

Housing remains remarkably lean

Oceana's $63,624 median income supports just $768 monthly rent (14.5%) or $836 ownership costs (15.8%), the most efficient housing allocation in this county group. This lean spending preserves maximum income for savings, education, and quality-of-life investments that other counties cannot match.

Michigan's affordability frontier

Oceana delivers Michigan's lowest rent-to-income ratio at 14.5%, meaning your paycheck stretches further here than nearly anywhere in the state. If affordable housing is your primary goal and you can access remote work or local opportunity, Oceana represents Michigan's best value proposition for relocators.

Cost of Living Advisory: Oceana County

Affordability Verdict

Oceana County offers affordable rental housing at a median of $768/month — about 14.5% of the typical household income here.

Rent vs. Own

Renters in Oceana County pay $768/month on average, compared to $836/month for homeowners. This market favors renters by about 8%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,720/year. For owner costs at the 28% rule, the required income is roughly $35,829/year. With a median household income of $63,624, most households can comfortably afford rent here. Notably, 26.0% of renter households in Oceana County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Michigan, Oceana County is less affordable than Manistee County by roughly 6% ($768/mo vs $820/mo).

Affordability Calculator

See how your income compares to housing costs in Oceana County

$

Rent Burden

14.5%

of gross income

Max Housing (28% Rule)

$1,485

per month

Owner Cost Burden

15.8%

of gross income

You can likely afford the median home in Oceana County

Median home value is $167,600. Estimated monthly cost: $1,338 vs. your max of $1,485.

Rent Affordability Guide

Your rent-to-income ratio14.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $63,624Needed: $30,720
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $63,624Needed: $35,829
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $63,624Needed: $39,005

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

What is the cost of living in Oceana County, Michigan?
Oceana County, Michigan has a median monthly rent of $768/mo and a median home value of $167,600. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Oceana County?
The median gross rent in Oceana County is $768/mo. This is 12% below state average for Michigan.
Is Oceana County affordable?
Oceana County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Oceana County's rent compare to the state average?
Oceana County's median rent of $768/mo is 12% below state average of $873/mo for Michigan.
What is the median home value in Oceana County?
The median home value in Oceana County, Michigan is $167,600. This is 41% below the national median home value of $281,900.

Counties with Similar Housing Costs

Sponsored

Planning a Move?

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

Compare Moving Quotes
Sponsored

Compare Mortgage Rates in Oceana County

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

See Today's Rates
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.