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)
How Presque Isle County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Presque Isle County ranks #67 of 3,144 counties for affordability (top 2%)
Data Story
About Cost of Living in Presque Isle County, Michigan
Presque Isle delivers exceptional rental bargains
Presque Isle County's 13.2% rent-to-income ratio matches Ontonagon's as the region's best affordability deal, far below the U.S. average of roughly 30%. At $625 monthly median rent, Presque Isle offers genuine savings compared to national housing costs.
Among Michigan's most affordable rental counties
Presque Isle's 13.2% rent-to-income ratio significantly beats Michigan's state average of 16.3%, ranking it among the state's most affordable counties. The median rent of $625 ranks second-lowest among these eight northern Michigan counties.
Second-best rent value in the northern cluster
Presque Isle's $625 monthly rent ranks just above Ontonagon ($571) and well below Osceola ($764), Oscoda ($675), and all others. Its 13.2% rent burden ties Ontonagon for the region's lowest, offering exceptional value.
Balanced affordability for renters and owners
Monthly gross rent of $625 and median owner costs of $676 each consume roughly 13% of household income, nearly identical to Ontonagon. This remarkable balance leaves substantial income available for other essential expenses.
Presque Isle rivals Ontonagon for value seekers
Remote workers and retirees comparing Presque Isle against Ontonagon will find both offer comparable rent affordability; Presque Isle's slightly higher median income of $56,713 may provide more financial cushion. Check local internet infrastructure and employment opportunities before committing to either county.
Cost of Living Advisory: Presque Isle County
Affordability Verdict
Housing in Presque Isle County is affordable. The median rent is $625/month against a median household income of $56,713, putting rent at 13.2% of income.
Rent vs. Own
At $625/month rent versus $676/month in owner costs, renting is roughly $51/month cheaper — a 8% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $25,000/year. For owner costs at the 28% rule, the required income is roughly $28,971/year. With a median household income of $56,713, most households can comfortably afford rent here. Notably, 28.0% of renter households in Presque Isle County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Michigan, Presque Isle County is less affordable than Keweenaw County by roughly 8% ($625/mo vs $679/mo).
Affordability Calculator
See how your income compares to housing costs in Presque Isle County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$1,323
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Presque Isle County
Median home value is $135,200. Estimated monthly cost: $1,079 vs. your max of $1,323.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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 Presque Isle County, Michigan?
What is the median rent in Presque Isle County?
Is Presque Isle County affordable?
How does Presque Isle County's rent compare to the state average?
What is the median home value in Presque Isle County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Presque Isle County, Michigan? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Presque Isle County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: 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.