Quick facts: Michigan city, MS

Quick Facts

92.7
Cost of Living
below US average
296
Population
168.92
Crime Rate per 1000
above US average
$60,000
Median Income
below US average
$35,000
Median House Price
above US average
$1309
Average Rent
below US average
15%
Poverty Rate
above US average
6.0%
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 $60,000.

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Income Needed to Buy

βœ“ Affordable
$11k/year
Based on $35,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($60,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Michigan city, MS

Michigan City is a charming city located in the state of Mississippi, within the larger Harrison County. Nestled near the Gulf of Mexico, this city is known for its beautiful coastal landscapes and friendly community atmosphere. With a population of around 10,000 residents, it provides a small-town feel while being close to the amenities of larger nearby towns. The city is known for its rich history and vibrant local culture. Visitors can enjoy local parks, recreational areas, and community events throughout the year. Michigan City also offers access to delightful dining options and shops, showcasing the southern hospitality characteristic of the region. Outdoor enthusiasts will appreciate the proximity to water activities, with several lakes and rivers nearby ideal for fishing, boating, and swimming. Furthermore, the city is within reach of larger cities that offer more extensive entertainment and cultural activities. With its mix of natural beauty, community spirit, and recreational opportunities, Michigan City, MS, is a hidden gem in the southern United States, perfect for those seeking a relaxed lifestyle by the water.

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