Presque Isle County, Michigan
Income Data
At a Glance
How Presque Isle County Compares
Detailed Income Statistics
Data Story
About Household Income in Presque Isle County, Michigan
Presque Isle trails national income modestly
Presque Isle County's median household income of $56,713 falls $18,042 short of the national median of $74,755, ranking it below average nationally but ahead of many rural peers. The income level reflects reliance on timber, tourism, and aging population demographics that limit wage growth. Residents earn roughly 76% of what typical American households make.
Presque Isle ranks low-middle within state
At $56,713, Presque Isle's median household income trails Michigan's state average of $64,304 by about $7,600, placing it in the lower half of Michigan's counties. Per capita income of $36,235 actually matches the state average of $35,451, suggesting older residents with accumulated savings partially offsetting lower working-age wages. This pattern is typical of aging rural communities.
Presque Isle mid-range among peers
Presque Isle's $56,713 income sits between Osceola ($57,050) and Roscommon ($54,106), positioning it in the middle of the regional income distribution. It outperforms Oscoda ($50,581), Ontonagon ($51,844), and Ogemaw ($51,983), but trails Otsego ($67,285) and Ottawa ($87,144). This moderate ranking reflects a somewhat more stable economy than the poorest counties but less dynamism than the leaders.
Excellent rent affordability provides buffer
Presque Isle's rent-to-income ratio of 13.2% is among the healthiest in the cohort, well below the 15% threshold, with median home values of $135,200 remaining very affordable. This strong housing affordability provides households genuine breathing room in budgets for other essential and discretionary spending. The low housing burden is a distinct advantage for wealth building.
Leverage low housing costs for investing
Presque Isle's exceptional housing affordability creates a powerful wealth-building advantage—households can redirect savings typically consumed by housing toward retirement and investment accounts. Aim to save 12–15% of household income in diversified portfolios, maximizing employer retirement matches first. Over 25–30 years, this disciplined approach transforms modest incomes into meaningful retirement security.
Frequently Asked Questions
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County median: $56,713 per year
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.