Escanaba, MI Cost Of Living
Cost Of Living In Escanaba, MI Summary
Cost of living in Escanaba research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Escanaba is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Escanaba is 80, with 100 being the average.
The cost of living index in Escanaba is 0.8x lower than the national average.
Escanaba ranks as the #15 cheapest in Michigan out of 175.
Escanaba ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Escanaba is $91,300.
The median income in Escanaba is $36,173.
Table Of Contents
Escanaba's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Escanaba, MI?
According to the most recent data on the cost of living, Escanaba has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Michigan, Escanaba has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Escanaba ranks as #15 most affordable out of the 175 places we measured in Michigan. By definition, that implies Escanaba ranks as the #160 most expensive place in the Wolverine State.
For more reading on life in Escanaba, check out:
- Living In Escanaba
- Escanaba Crime Report
- Search Homes For Sale In Escanaba, MI
In Michigan
In America
Escanaba Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Escanaba. Here is how it fairs on each of the criteria:
The Services index in Escanaba is 93.
The Groceries index in Escanaba is 92.
The Health index in Escanaba is 102.
The Housing index in Escanaba is 49.
The Transportation index in Escanaba is 86.
The Utilities index in Escanaba is 95.
| Living Expense | Escanaba | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 80 | 92 | 100 | |
| Services | 93 | 96 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 102 | 94 | 100 | |
| Housing | 49 | 80 | 100 | |
| Transportation | 86 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Escanaba, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Escanaba is $91,300.
The Median Rent in Escanaba is $538.
The Median Income in Escanaba is $36,173.
The Home Value To Income in Escanaba is 2.5x.
The Rent To Monthly Income in Escanaba is 0.18x.
| Statistic | Escanaba | Michigan | United States |
|---|---|---|---|
| Median Home Value | $91,300 | $172,100 | $244,900 |
| Median Rent | $538 | $946 | $1,163 |
| Median Income | $36,173 | $63,202 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Escanaba, MI Costs By Category
Detailed Escanaba Services Costs Vs. Michigan
Detailed Escanaba Groceries Costs Vs. Michigan
Detailed Escanaba Health Costs Vs. Michigan
Detailed Escanaba Transportation Costs Vs. Michigan
Detailed Escanaba Utilities Costs Vs. Michigan
Escanaba SnackAbility
/10
Cost Of Living In Cities Around Escanaba
The cost of living varies in the cities and towns around Escanaba. Here's a quick look at the cost of living in the most populous nearby places:
Iron Mountain, MI has a cost of living index of 80, 1.0x Escanaba.
| City | Population | Cost Of Living | Vs. Escanaba |
|---|---|---|---|
| Iron Mountain, MI | 7,516 | 80 | 1.0x |
