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Cost of Living in Petoskey, MI

88.7
Affordable · National average is 100

Compare Cities

$69,784
Median Income
$894/mo
Median Rent
$256,400
Median Home
5,859
Population

Cost Breakdown

🏠Housing
93.2
0Nat'l Avg (100)200
🛒Groceries
77.4
0Nat'l Avg (100)200
🚗Transportation
93.7
0Nat'l Avg (100)200
🏥Healthcare
79.3
0Nat'l Avg (100)200
⚡Utilities
87.4
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$697
est.
$787
est.
$894$1,144
est.
$1,305
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Petoskey with cities in the area

Harbor Springs, MI
Average
101.5
Boyne City, MI
Very Affordable
82.5
East Jordan, MI
Very Affordable
62.3
Charlevoix, MI
Very Affordable
83
Mancelona, MI
Very Affordable
74.7
Gaylord, MI
Very Affordable
75.1
Compare Petoskey vs Harbor SpringsCompare Petoskey vs Boyne CityCompare Petoskey vs East Jordan