Housing costs in Ontonagon?
A typical home costs
$92,900, which is 72.5% less expensive than the national average of
$338,100 and 57.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ontonagon costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Ontonagon?
To live comfortably in Ontonagon, Michigan, a minimum annual income of
$17,640 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Ontonagon?
The cost of living in Ontonagon, MI is quite reasonable compared to other parts of the country. The median home price in Ontonagon is around $87,000, which is quite affordable for most families. Utilities such as electricity can be a bit pricier due to the remote location, but overall the cost of living is generally much lower than other areas with similar amenities. In addition, groceries and other everyday items are often lower in price than in some nearby larger cities. Overall, Ontonagon offers a great value for its residents by providing a serene lifestyle at relatively low cost.