Living in Michigamme, Michigan
Cost of living, income, home prices, rent and demographics of Michigamme · Census data 2020–2024
Michigamme has 229 residents with a median age of 61.1. The median household income is $52,083 (29% lower than the Michigan median), the median home value is $163,900.
Michigamme is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Michigamme at a glance
- Population
- 229
- Median age
- 61.1State: 40.2
- Median household income
- $52,083State: $72,875
- Median home value
- $163,900State: $231,600
- Homeowners
- 99%
- Bachelor's degree or higher
- 26.3%
- Average commute
- 38 min
Is Michigamme a good place to live?
Pros: Home values 29% lower than the state median.
Cons: Median household income 29% lower than the Michigan median; an average commute of 38 minutes; unemployment of 17.5%; a poverty rate of 19.5%.
The weather is best in June to September.
Cost of living in Michigamme
Housing is the biggest part of the cost of living. In Michigamme the median home value is $163,900, 51% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,625 a month in housing costs.
Michigamme median household income
The median household income in Michigamme is $52,083 and the income per person is $26,520. 19.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Michigamme: homes for sale and rent
- Housing units
- 225
- Owner-occupied
- 99%
- Renter-occupied
- 1%
- Vacant
- 54.2%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.22
54.2% of homes are vacant most of the year, a sign that Michigamme has many vacation and second homes.
Michigamme demographics
- Population
- 229
- Median age
- 61.1
- Under 18
- 11.8%
- 65 and older
- 38%
- Households
- 103
- Foreign-born
- 3.1%
- Veterans
- 22.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Michigamme ›
Education in Michigamme
26.3% of adults 25 and older in Michigamme have a bachelor's degree or higher (Michigan: 32.4%), and 6.3% have a graduate or professional degree.
Jobs and commute in Michigamme
- Unemployment rate
- 17.5%State: 5.7%
- Average commute
- 38 minState: 24 min
- Work from home
- 7.9%
- Drive alone
- 58.7%
- Public transit
- 0%
- Walk to work
- 17.5%
- Homes with broadband
- 74.8%
Michigamme vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Michigamme | 229 | $52,083 | $163,900 | — |
| Three Lakes | 172 | $103,542 | $285,700 | — |
| Republic | 519 | $37,083 | $74,400 | $775 |
| West Ishpeming | 2,851 | $95,129 | $193,900 | $1,063 |
| Ishpeming | 6,181 | $52,754 | $111,900 | $733 |
| Negaunee | 4,656 | $70,568 | $170,100 | $861 |
| Covington | 112 | $55,625 | $141,100 | — |
| Palmer | 309 | $65,833 | $83,900 | $763 |
| L'Anse | 1,790 | $52,317 | $104,100 | $646 |
More for people moving to Michigamme
Michigamme ZIP code ›Weather and climate ›Living in Michigamme: FAQ
What is the median household income in Michigamme, MI?
The median household income in Michigamme is $52,083, 29% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Michigamme?
The median home value in Michigamme is $163,900, compared with $231,600 in Michigan.
Is Michigamme, MI a good place to live?
Pluses: home values 29% lower than the state median. Minuses: median household income 29% lower than the Michigan median; an average commute of 38 minutes; unemployment of 17.5%; a poverty rate of 19.5%.
What is the median age in Michigamme?
The median age in Michigamme is 61.1 years (Michigan: 40.2).
How long is the commute in Michigamme?
The average commute to work in Michigamme is 38 minutes; 7.9% of workers work from home.
What is the unemployment rate in Michigamme?
The unemployment rate in Michigamme is 17.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Michigamme?
26.3% of adults in Michigamme have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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