Escanaba, MI

Very Low · 44

Michigan · Population 12,374 · Updated March 2026

$661
Median Rent / Month
$40,169
Median Income
$116,600
Median Home Value
$691
Owner Costs / Month

Affordability

How far your income goes in Escanaba

19.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$7,932
Annual Rent
$1,707
State Income Tax
$1,609
Property Tax (est.)

Cost of Living Overview

Escanaba is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 44 (where 100 equals the national median), Escanaba residents can expect to pay median rent of $661/month while earning a median household income of $40,169/year.

The median home value in Escanaba, MI is $116,600, with typical monthly owner costs around $691 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Escanaba.

Frequently Asked Questions

Common questions about living costs in Escanaba

What is the cost of living in Escanaba, MI?
The cost of living index in Escanaba, MI is 44 (US average = 100). Median monthly rent is $661, median household income is $40,169/year, and the median home value is $116,600.
Is Escanaba, MI affordable?
Yes, Escanaba is more affordable than the national average with a cost index of 44. The rent-to-income ratio is 19.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Escanaba, MI?
The median gross rent in Escanaba, MI is $661 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $7,932.
What is the median household income in Escanaba?
The median household income in Escanaba, MI is $40,169 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.