Quick facts: Ellsworth, MI

Quick Facts

94.9
Cost of Living
below US average
358
Population
55.87
Crime Rate per 1000
above US average
$56,250
Median Income
below US average
$288,000
Median House Price
above US average
$1435
Average Rent
above US average
10%
Poverty Rate
below US average
4.2%
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 $56,250.

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Income Needed to Buy

βœ— Stretch
$90k/year
Based on $288,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $90k vs median $56,250
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Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1435/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $56,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ellsworth, MI

Ellsworth is a quaint village located in Antrim County, Michigan. Nestled in the stunning scenery of Northern Michigan, it offers a charming small-town atmosphere with a population of around 200 residents. The village is known for its beautiful landscapes, including nearby lakes and lush forests, making it a perfect destination for outdoor enthusiasts. Key attractions in and around Ellsworth include Lake Bellaire and the Chain of Lakes, which are popular for boating, fishing, and swimming. The area is also home to various hiking and biking trails that provide scenic views of the region's natural beauty. Ellsworth is surrounded by agricultural land, giving it a rural charm, and there are many local farms and markets contributing to its community feel. The village hosts community events throughout the year, fostering a close-knit environment and allowing residents and visitors to engage with one another. Close proximity to larger towns like Charlevoix and Bellaire provides access to more amenities while allowing visitors to enjoy the peacefulness of this small village.

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