Quick facts: Escanaba, MI

Quick Facts

94.9
Cost of Living
below US average
12,347
Population
21.3
Crime Rate per 1000
below US average
$38,457
Median Income
below US average
$159,000
Median House Price
above US average
$1015.0
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $38,457.

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Income Needed to Buy

βœ— Stretch
$50k/year
Based on $159,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $38,457
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Income Needed to Rent

⚠ Stretch
$43k/year
Based on $1015.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $43k vs median $38,457
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Escanaba, MI

Escanaba is a charming city located in Delta County, Michigan, situated in the Upper Peninsula along the northern shore of Lake Michigan. Renowned for its rich history, Escanaba was established in the late 19th century and has grown into a vibrant community known for its outdoor recreational opportunities. The city hosts a variety of parks and public spaces, including Ludington Park, where visitors can enjoy scenic views, fishing, and walking trails. Escanaba boasts a strong sense of community, with annual events such as the Escanaba Blueberry Festival and the Upper Peninsula State Fair, which celebrate the local culture and attract visitors from around the region. The city Ρ‚Π°ΠΊΠΆΠ΅ has a historical museum that showcases its industrial past, particularly in iron and lumber production. With a diverse array of shops, restaurants, and local artisans, Escanaba offers a quaint downtown atmosphere. Access to the natural beauty of the Upper Peninsula makes it an ideal destination for outdoor enthusiasts, with activities like hiking, boating, and snowmobiling available throughout the year. Overall, Escanaba presents a unique blend of history, culture, and natural beauty, making it a hidden gem in Michigan's Upper Peninsula.

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