Quick facts: Munising, MI

Quick Facts

94.9
Cost of Living
below US average
1,976
Population
11.64
Crime Rate per 1000
below US average
$50,069
Median Income
below US average
$99,000
Median House Price
above US average
$1500.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
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 $50,069.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,069) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $50,069
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Munising, MI

Munising, located in Michigan's Upper Peninsula, is a charming city known for its stunning natural beauty and outdoor recreational opportunities. Situated on the southern shore of Lake Superior, it serves as a gateway to the Pictured Rocks National Lakeshore, famed for its towering sandstone cliffs, vibrant rock formations, and picturesque waterfalls. The area is ideal for hiking, kayaking, and enjoying scenic boat tours that showcase these extraordinary landscapes. The city itself is small but vibrant, with a friendly community atmosphere. Visitors can explore the delightful local shops, dine on fresh fish and other regional specialties, and learn about the area’s rich history and Native American heritage at local museums. Munising also serves as a hub for winter sports, including snowmobiling and ice fishing, appealing to outdoor enthusiasts year-round. With its breathtaking views, diverse wildlife, and recreational activities, Munising is an inviting destination for nature lovers and adventure seekers alike.

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