Michigamme, MI
Population 196 · Michigan
About Michigamme, MI
Michigamme is a small community located in Michigan with a population of 196 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 63 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Michigamme features a median home value of $166,300, which is 32% below the national median of $244,900. This positions Michigamme in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 218 total housing units, 99% are owner-occupied (93 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Michigamme shows an unemployment rate of 20.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.2%, above the national average of 12.4%. Workers in Michigamme have an average one-way commute time of 28.5 minutes.
Education & Demographics
26.0% of Michigamme residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.0% Asian residents, with 5.1% of the population being foreign-born.
Cost of Living in Michigamme, MI
Compared to national averages, Michigamme has a median household income of $48,750 (35% below the national median of $75,149). Home values average $166,300, which is 32% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Michigamme's income is 26% below the state average of $66,017, and home values are 9% below the state median of $183,391.
Why Live in Michigamme, MI?
Michigamme offers affordable housing with a median home value of $166,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($48,750) that falls below the national average. However, Michigamme’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Michigamme has a population of 196 with a median age of 63 years. Compare Michigamme with other cities to see how it stacks up, or explore all cities in Michigan.
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Demographics
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Economy & Education
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Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Michigamme
What is the population of Michigamme, MI?
The population of Michigamme, MI is 196 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Michigamme?
The median household income in Michigamme, MI is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Michigamme?
The median home value in Michigamme, MI is $166,300, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Michigamme?
The median monthly rent in Michigamme, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Michigamme?
The unemployment rate in Michigamme, MI is 20.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Michigamme, MI a good place to live?
Michigamme offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 196 and a median age of 63, the city appeals to established professionals and retirees.
How educated is Michigamme, MI?
26.0% of residents in Michigamme aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Michigamme?
Key cost-of-living indicators for Michigamme, MI: median home value is $166,300 (32% below national), median rent is $0/month, and median household income is $48,750. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Michigamme?
The poverty rate in Michigamme, MI is 23.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Michigamme, MI?
Michigamme's population is 3.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.0% Asian, and 0.0% two or more races. 5.1% of residents are foreign-born.