Cost of Living in Algonac, MI
Population 4,152 · Michigan · Data vintage 2023
(100 = US avg)
Algonac sits on the smaller end of the Michigan city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 6.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Algonac is about 25 miles east of Sterling Heights, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 32% lower than Sterling Heights' $261,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Algonac
The median home value in Algonac is $177,200 — 42% below the national median of $305,000. Median rent runs $923/month, 30% lower than the national median of $1,314/month. The median household income of $49,738/year is 33% lower than the US median of $74,580. The local unemployment rate is 6.6%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Algonac has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.
Algonac has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Algonac, MI?
Algonac has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Algonac, MI?
The median gross rent in Algonac is $923 per month based on 2023 Census data.
What is the average home price in Algonac?
The median home value in Algonac is $177,200 according to Zillow and Census data.
What is the median income in Algonac?
The median household income in Algonac is $49,738 per year (2023 ACS 5-year estimates).
What is the sales tax in Algonac, MI?
The combined state and local sales tax rate in Algonac is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Algonac, MI affordable?
Yes, Algonac is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
Algonac at a Glance
- Population
- 4,152
- Median Income
- $49,738
- Home Value
- $177,200
- Median Rent
- $923/mo
- Unemployment
- 6.6%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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