Cost of Living in Presque Isle 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 Presque Isle County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Presque Isle County ranks #465 of 3,142 counties for affordability (top 15%)
Sourced county brief
Official GRAPI in Presque Isle County Measured at 31.9%
The official GRAPI, which measures median gross rent as a percentage of household income, is 31.9% in Presque Isle County. This is 3.0 percentage points above the Michigan unweighted county mean of 28.9%. Median gross rent in the county was estimated at $683 per month, while the state unweighted county mean is $906. For owner-occupied homes, the median selected monthly owner cost was $688, compared to a state unweighted county mean of $918. The median home value in the county was recorded at $151,300, which is below the Michigan unweighted county mean of $197,293. Median renter-household income for the period was $26,786. These figures represent the housing cost environment for the 2020-2024 ACS period. 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: Presque Isle County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.9% of renter household income in Presque Isle County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $683 per month; median selected monthly owner costs are $688. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $27,320 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. Presque Isle County's $683 median is 24.6% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Presque Isle County
Rent Burden
13.8%
of gross income
Max Housing (28% Rule)
$1,384
per month
Owner Cost Burden
13.9%
of gross income
You can likely afford the median home in Presque Isle County
Median home value is $151,300. Estimated monthly cost: $1,208 vs. your max of $1,384.
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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