Quick facts: Millington, MI

Quick Facts

94.9
Cost of Living
below US average
1,025
Population
1.95
Crime Rate per 1000
below US average
$55,486
Median Income
below US average
$215,000
Median House Price
above US average
$2500.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.0%
Unemployment Rate
below 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 $55,486.

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Income Needed to Buy

βœ— Stretch
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $55,486
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $55,486
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Millington, MI

Millington is a small village located in Tuscola County, Michigan, with a population of approximately 1,000 residents. Situated in the scenic Thumb region of Michigan, it embodies a tight-knit community atmosphere with a rich history and strong agricultural roots. Millington is known for its charming downtown area, featuring locally-owned shops and eateries, as well as annual community events that bring residents together. The village is surrounded by beautiful farmland, making it a great place for outdoor enthusiasts. Nearby, you can find several parks and recreational areas that offer opportunities for hiking, fishing, and other outdoor activities. Millington is also home to Millington Community Schools, providing education for kindergarten through high school. The nearby larger cities, such as Saginaw and Flint, allow residents to access additional amenities while enjoying the peacefulness of rural living. Its location provides a perfect balance of small-town charm and convenience, making Millington a great place to live for those looking for a close-knit community surrounded by nature.

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