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Petoskey, MI

Cost of living in Emmet County, MI

Estimated monthly cost
$2,851/mo
for a single person, all categories combined

Population 34,159 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $880 31%
Healthcare $480 17%
Federal tax $467 16%
Groceries $326 11%
Transport $320 11%
Energy $191 7%
State tax $137 5%
Water $50 2%

Rent in Emmet County

Fair Market Rents by bedroom count.

Studio
$808
per month
1 bedroom
$880
per month
2 bedroom
$1,154
per month
3 bedroom
$1,390
per month
4 bedroom
$1,535
per month

Source: HUD FMR FY2025

Income and earnings in Emmet County

Annual earnings figures from the Census ACS.

Household income
$73,724
per year
Individual earnings
$38,622
per year
Per capita
$45,122
per year

Source: ACS 2019-2023 5-Year.

Home values in Emmet County

Average values reported by homeowners.

Average home value
$275,300
Annual property tax
$2,492

Source: ACS 2019-2023 5-Year

Energy costs in Emmet County

Estimated monthly electricity and gas costs.

Electricity
$128
per month · 19.7¢/kWh
Natural gas
$63
per month
Annual total
$2,292
per year

Source: EIA

Healthcare in Emmet County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
5.5%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Emmet County

State and local tax rates for Michigan.

State income tax
4.3%
Flat rate
State sales tax
6.0%
Combined sales tax
6.0%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Emmet County

Commute patterns and estimated costs.

Average commute
20.0 min
Drive alone
74.4%
Public transit
0.4%
Work from home
9.3%

Source: ACS

Monthly cost estimates for Emmet County

What it costs to live in Emmet County each month.

Single person
$2,851
per month
  • Rent $880
  • Energy $191
  • Water $50
  • Groceries $326
  • Transport $320
  • Healthcare $480
  • Federal tax $467
  • State tax $137
Couple
$4,405
per month
  • Rent $1,154
  • Energy $229
  • Water $60
  • Groceries $540
  • Transport $420
  • Healthcare $864
  • Federal tax $877
  • State tax $261
Family
$6,774
per month
  • Rent $1,390
  • Energy $286
  • Water $70
  • Groceries $820
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $877
  • State tax $261

Frequently asked questions about Emmet County

Common questions about cost of living, rent and salary.

What is the average rent in Emmet County?

In Emmet County, MI, a one-bedroom apartment averages $880 per month, a two-bedroom averages $1,154 per month, a three-bedroom averages $1,390 per month, according to HUD Fair Market Rent data.

What is the average salary in Emmet County?

In Emmet County, MI, the average household income is $73,724 per year and individual earnings for full-time workers average $38,622 per year, according to U.S. Census Bureau data.

What is the cost of living in Emmet County?

The estimated cost of living in Emmet County, MI is approximately $2,851 per month for a single person, $4,405 for a couple, $6,774 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Emmet County?

The combined sales tax rate in Emmet County, MI is 6.00%, which includes the Michigan state rate of 6.00% plus an average local rate of 0.00%.

Is Emmet County an affordable place to live?

Based on the data, a single person in Emmet County, MI would need approximately $2,851 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $73,724 per year ($6,144 per month). Emmet County is relatively affordable compared to the national average.

How much does healthcare cost in Emmet County?

The ACA marketplace benchmark premium in Emmet County, MI is approximately $480 per month for an individual. Approximately 5.5% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Emmet County?

The average home value in Emmet County, MI is $275,300, with average annual property taxes of $2,492, according to U.S. Census Bureau data.

How does Emmet County compare to other areas?

You can compare Emmet County, MI with any other US county using our comparison tool at /compare. Emmet County is in the Petoskey, MI metro area.

Other counties in Michigan

Browse the full list of counties in Michigan, ranked by cost of living.

See all counties in Michigan

Compare Emmet County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources