Quick facts: Portage, MI

Quick Facts

94.9
Cost of Living
below US average
48,978
Population
36.2
Crime Rate per 1000
above US average
$74,837
Median Income
below US average
$375,000
Median House Price
above US average
$2039.0
Average Rent
above US average
8%
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 $74,837.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $74,837
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Income Needed to Rent

⚠ Stretch
$87k/year
Based on $2039.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $87k vs median $74,837
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Portage, MI

Portage, located in southwestern Michigan, is a vibrant city adjacent to Kalamazoo, known for its rich history and family-friendly atmosphere. With a population of around 48,000, it offers a diverse community with a mix of suburban comfort and outdoor recreational opportunities. The city boasts a variety of parks and nature trails, including the scenic Portage Creek Bicentennial Park, which features walking paths, picnic areas, and playgrounds. Portage is home to a strong educational system, including several public schools and proximity to higher education institutions in Kalamazoo. The local economy is bolstered by a mix of industries, including manufacturing, healthcare, and retail. Residents enjoy a range of shopping, dining, and entertainment options, with nearby Kalamazoo providing additional cultural experiences, including museums, restaurants, and breweries. Portage hosts several annual events, fostering community spirit, such as the Portage Summer Fest. With its friendly environment, robust amenities, and access to beautiful Michigan landscapes, Portage is an attractive place for families and individuals alike.

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