140th most affordable of 199 in Metro Detroit
Cost of Living in Algonac, MI
A typical home in Algonac costs about $1,059 a month, 22.4% of the median household income of $56,820. That makes Algonac the 24th most affordable of 30 places in St. Clair County and 140th of 199 across Metro Detroit.
- Median rent a month
- $910
- Median home value
- $199,500
- Owner cost with a mortgage
- $1,207
- Of income on housing
- 22.4%
Algonac against St. Clair County and the metro
| Census median | Algonac | St. Clair County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $910 | $1,029 | $1,207 |
| Median home value | $199,500 | $224,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,207 | $1,469 | $1,720 |
| Median household income (yearly) | $56,820 | $71,270 | $76,664 |
| Share of income on housing | 22.4% | 21.0% | 22.9% |
Ranked 24th most affordable of 30 in St. Clair County. See all 30.
Cost of living near Algonac
The towns around Algonac, each with its own page.
- Clay Township Rent $1,005 · Home $307,600 54th most affordable in the metro
- Cottrellville Rent $965 · Home $293,900 62nd most affordable in the metro
- Marine City Rent $944 · Home $159,800 45th most affordable in the metro
- Ira Township Rent $1,266 · Home $244,200 159th most affordable in the metro
- East China Township Rent $909 · Home $275,900 124th most affordable in the metro
- China Township Rent $0 · Home $322,600 116th most affordable in the metro
- New Baltimore Rent $1,039 · Home $323,200 18th most affordable in the metro
- Casco Township Rent $1,091 · Home $303,200 77th most affordable in the metro
Living in Algonac
- Homes for sale in Algonac Listings and off-market deals
- Rentals in Algonac Houses and apartments for rent
- Algonac neighborhoods Every neighborhood on a map
- Cost of living in St. Clair County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Algonac city guide Pros, homes and city services
Algonac cost of living questions
5 questions
Is Algonac, MI expensive to live in?
A typical home in Algonac takes 22.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 140th most affordable of 199 places.
What is the average rent in Algonac?
The median gross rent is $910 a month, rent plus the utilities the renter pays, 25% below the metro.
How much does a house cost in Algonac?
Owners put the median home value at $199,500, 20% below the metro. With a mortgage, the median owner pays $1,207 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Algonac?
Spending no more than 30% of income on housing, the usual rule, a typical Algonac home at $1,059 a month calls for about $42,000 a year. The median household here earns $56,820.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Algonac. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.