Cost of Living in Schoolcraft 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 Schoolcraft County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Schoolcraft County ranks #435 of 3,142 counties for affordability (top 14%)
Sourced county brief
Schoolcraft County Renter Median Household Income is $29,737
The median renter-household income in Schoolcraft County was estimated at $29,737. For those renting, the median gross rent is $705 per month, which is $201 below the Michigan unweighted county mean of $906. The official median gross rent as a percentage of household income (GRAPI) is 29.7%, representing a difference of 0.8 percentage points from the state unweighted county mean of 28.9%. In the owner-occupied sector, the median home value was $141,800, and median selected monthly owner costs were $655. This monthly owner cost is $263 lower than the state unweighted county mean of $918. These data points provide a statistical overview of housing tenure costs based on ACS 2020-2024 5-Year Estimates. The analysis does not include market forecasts or recommendations regarding relocation. 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: Schoolcraft County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.7% of renter household income in Schoolcraft 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 $705 per month; median selected monthly owner costs are $655. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $28,200 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. Schoolcraft County's $705 median is 22.2% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Schoolcraft County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,325
per month
Owner Cost Burden
13.8%
of gross income
You can likely afford the median home in Schoolcraft County
Median home value is $141,800. Estimated monthly cost: $1,132 vs. your max of $1,325.
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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