Cost of Living in Michigan City, IN
Population: 31,894 • 2026 Data
$52,979
Median Household Income
-32% vs national
$915
Median Monthly Rent
-32% vs national
$129,000
Median Home Value
-62% vs national
7.1%
Unemployment Rate
Housing in Michigan City
The median home value in Michigan City, IN is $129,000. Monthly rent for a typical unit averages $915, while total monthly housing costs (including utilities and insurance) average $851.
Rent-to-income ratio: 20.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Michigan City, IN is $52,979. The unemployment rate stands at 7.1%, with a labor force of 14,023 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.