MyNeighborhood

Can you afford to live in Alpena?

Median household income, home values and rent in Alpena, MI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Alpena.

Median household income: $47,604 — +39.7% since 2015 (not adjusted for inflation)

Median gross rent: $599/mo — +9.1% since 2015

Median home value, 2015 to 2023

  • 2015: 75700
  • 2023: 110400

Median household income

  • Alpena: 47604
  • Alpena County: 51909
  • MI: 71149
  • U.S.: 78538

Median gross rent

  • Alpena: 599
  • Alpena County: 660
  • MI: 1084
  • U.S.: 1348

Share of income a typical renter spends on rent: 28.7% — U.S.: 30.2%

What it means

The typical household here earns $47,604 — far lower than the national figure of $78,538.

The typical renter here spends 28.7% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+39.7% versus +9.1%), before adjusting for inflation.

Sources

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