What is the median home price in Menominee?

The median home price in Menominee, Menominee city, Michigan is $93,500, which is 67% below the national average of 281,900 ($281,900).

Menominee, Menominee city, Michigan has a violent crime rate of 1.8 per 1,000 residents, which is 50% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 1.1 per 1,000 residents.

What is the Walk Score for Menominee?

Menominee, Menominee city, Michigan has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 25/100.

What is the median household income in Menominee?

The median household income in Menominee, Menominee city, Michigan is $46,821, which is 37% below the national average of 74,580 ($74,580).

What is the average rent in Menominee?

The median rent in Menominee, Menominee city, Michigan is $702 per month. The national average median rent is $1,163/month.

What is the air quality in Menominee?

Menominee, Menominee city, Michigan has an Air Quality Index (AQI) of 41, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Menominee?

The population of Menominee, Menominee city, Michigan is approximately 8,429. The homeownership rate is 67.9% (national average: 65.9%).

What are the climate risks in Menominee?

Menominee, Menominee city, Michigan has an overall climate risk rating of "Relatively Moderate" with a risk score of 68.22. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

What is the unemployment rate in Menominee?

The unemployment rate in Menominee, Menominee city, Michigan is 4.1%. The national average unemployment rate is 3.7%. The poverty rate is 13.7% (national average: 12.4%).

Menominee

Menominee city, Michigan

Affordable

About Menominee

Considering a move to a place where your dollar stretches further? Welcome to Menominee, a charming city nestled on the shores of Lake Michigan. With a population of just over 8,400, Menominee offers a tight-knit community feel, but the real draw is its remarkable affordability. You can become a homeowner here for a song; the median home value is an incredible $93,500 – a stark contrast to the national median of approximately $350,000. This opens up opportunities for first-time buyers, those looking to downsize, or savvy investors seeking a strong return. The lifestyle is relaxed, with easy access to the water for recreation, and a pace of life that prioritizes quality over the hustle and bustle of larger cities.

From an investment perspective, Menominee presents a compelling case. While the median household income of around $46,800 is below the national average, the low cost of living significantly enhances the quality of life. The housing market is stable, and the city's focus on community and safety makes it an excellent place to raise a family or enjoy a peaceful retirement. Menominee is ideal for those seeking a tranquil, affordable lifestyle without sacrificing the natural beauty and outdoor activities that the Great Lakes region offers.

Menominee, Michigan at a Glance

Menominee is a city in Menominee city, Michigan with a population of approximately 8,429. The median home value is $93,500 and the median household income is $46,821. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.8 per 1,000 residents, which is 50% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $702 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.