Cost of Living in Fennville, MI
Fennville cost of living index: 93.7 (below the US average). Median home price: $350,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
% below the national average
Housing
Data from 1 zip code
Housing costs in Fennville, MI based on real market data from 1 local zip code.
Considering a move to Fennville, MI? With a housing index of 70.9, affordability may be a significant attraction. The median home price of 350000.0 indicates a competitive real estate market likely attracting first-time buyers. Renters might find moderate options too, as the average rent for a 2-bedroom apartment and house sits at 1435.0 and respectively. Remember, before making your decision, explore local job availability, school quality, and proximity to amenities, as these factors greatly influence living satisfaction.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Fennville, MI could entail variable utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet. Expect to budget about $121.2 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Fennville, MI
How far does your money go in Fennville? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Fennville
The adjusted purchasing power shows what a Fennville, MI household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Fennville, that's $55,625 ÷ 93.7 × 100 = $59,365. This means a household earning the median income in Fennville has the equivalent buying power of $59,365 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 93.7, Fennville is more affordable than the national average. The median household income of $55,625 effectively stretches to $59,365 in purchasing power — meaning everyday expenses like housing, groceries, and utilities cost less here. This makes Fennville, MI an attractive destination for budget-conscious families, remote workers, and retirees looking to maximize their income.
Housing is particularly affordable, with a median home price of $350,000. Renters and first-time homebuyers in Fennville benefit from lower monthly costs compared to national averages, leaving more room in the budget for savings and quality of life.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Fennville
Pros
- • Friendly community vibe
- • Close to Lake Michigan beaches
- • Access to outdoor activities
- • Supportive local businesses
- • Community events year-round
- • Great for family activities
- • Good schools in the area
- • Low crime rate reported
- • Affordability of housing
- • Diverse local farms
Cons
- • Rural area with few amenities
- • Seasonal tourism economy
- • Limited dining choices
- • Public transportation lacks
- • Limited nightlife options
- • Less diversity in population
- • Racism reported in some instances
- • Long commute to bigger cities
- • Political views can be polarized
- • Job market is challenging
💡City Insights
Fennville scores 5/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile.
Frequently Asked Questions
What is the cost of living in Fennville, MI? ▼
The cost of living in Fennville, MI is 6% lower than the national average, with a cost of living index of 94 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Fennville, MI? ▼
In Fennville, MI, The median home price is $350,000. requiring approximately $117,857 annual income to afford. Average rent is $1,435/month (requiring ~$57,400/year income). The local median household income is $55,625, making homeownership challenging for typical residents. Explore Fennville real estate data →
Is Fennville, MI a safe place to live? ▼
Fennville, MI is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Fennville crime statistics →
What salary do you need to live comfortably in Fennville, MI? ▼
To live comfortably in Fennville, MI and afford a median-priced home of $350,000, you would typically need a household income of $87,500 to $109,375 per year. The local median household income is $55,625. Renting requires approximately $57,400/year (at $1,435/month). See full affordability analysis →
What are the best neighborhoods in Fennville, MI? ▼
The best neighborhoods in Fennville, MI depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $350,000 is below the national average.
How are the taxes in Fennville, MI? ▼
Tax rates in Fennville, MI include state and local components. The cost of living index of 94 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Fennville tax information →
How does Fennville, MI compare to nearby cities? ▼
Fennville, MI offers a more affordable alternative to nearby communities. With a cost of living index of 94, median home prices of $350,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Fennville, MI? ▼
Weather in Fennville, MI varies by season. Climate data varies by season. View detailed Fennville climate & environment data →
What factors affect cost of living in Fennville, MI? ▼
The main factors affecting cost of living in Fennville, MI include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Fennville, MI.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 49408 | $350,000 | — | — | 63 | 1 |
Explore More About Fennville, MI
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin