Cost of Living in Petoskey, MI - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $956 (excluding rent), and $2,444 including rent.

Family of 3: Estimated monthly costs are $2,354 (excluding rent), and $4,578 including rent.

Meal at Budget Restaurant

$14.72 $14.72

$11.77 $11.77

$49.05 $49.05

Three-Course Dinner for Two, Mid-Range

$71.1 $71.1

$60.9 $60.9

$81.3 $81.3

Fast Food Meal (McDonalds, etc)

$11.06 $11.06

$12.06 $12.06

Cappuccino

$4.84 $4.84

$3.06 $3.06

$11.21 $11.21

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.05 $2.05

$1.54 $1.54

$3.59 $3.59

Water (0.33 liter bottle)

$1.03 $1.03

$3.09 $3.09

Local Beer (0.5 liter draught)

$5.96 $5.96

$3.97 $3.97

$11.92 $11.92

Imported Beer (0.33 liter bottle)

$6.9 $6.9

$5.91 $5.91

$10.47 $10.47

Milk (1 liter)

$0.82 $0.82

$0.69 $0.69

$1.01 $1.01

White Bread (500g)

$1.09 $1.09

$5.97 $5.97

Rice (white) (1kg)

$4.49 $4.49

$2.22 $2.22

$6.74 $6.74

Eggs

$3.22 $3.22

$2.28 $2.28

$5.04 $5.04

Local Cheese (1kg)

$15.38 $15.38

$4.42 $4.42

$22.08 $22.08

Chicken Fillets (1kg)

$11.9 $11.9

$5.89 $5.89

$17.3 $17.3

Beef Round Steak (1kg)

$15.08 $15.08

$8.05 $8.05

$26.63 $26.63

Apples (1kg)

$4.27 $4.27

$13.54 $13.54

Banana (1kg)

$1.35 $1.35

$1 $1

$1.98 $1.98

Oranges (1kg)

$3.33 $3.33

$2.8 $2.8

$11.19 $11.19

Tomato (1kg)

$4.36 $4.36

$1.51 $1.51

$8.74 $8.74

Potato (1kg)

$2.19 $2.19

$0.88 $0.88

$3.37 $3.37

Onion (1kg)

$2.78 $2.78

$1.49 $1.49

$4.29 $4.29

Lettuce (1 head)

$2.51 $2.51

$1.1 $1.1

$4.44 $4.44

Water (1.5 liter bottle)

$2.03 $2.03

$1.46 $1.46

$2.92 $2.92

Cigarettes 20 Pack (Marlboro, Camel)

$9.09 $9.09

$6.06 $6.06

$10.85 $10.85

Wine (Bottle)

$11.83 $11.83

$6.9 $6.9

$19.72 $19.72

Local Beer (0.5 liter bottle)

$1.78 $1.78

$1.7 $1.7

$2.95 $2.95

Imported Beer (0.33 liter bottle)

$2.34 $2.34

$1.63 $1.63

$6.86 $6.86

One-way Ticket (Public Transport)

$1.84 $1.84

$1.15 $1.15

$1.84 $1.84

Taxi Start (Normal Tariff)

$4.68 $4.68

Taxi (Normal Tariff) (1km)

$1.38 $1.38

$1.32 $1.32

$1.85 $1.85

Taxi 1hour Waiting (Normal Tariff)

$27.9 $27.9

$24.69 $24.69

$31.12 $31.12

Gasoline (1 liter)

$0.91 $0.91

$0.8 $0.8

$1.01 $1.01

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$24.3K $24.3K

$33.4K $33.4K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$24.7K $24.7K

$23.7K $23.7K

$25.2K $25.2K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$116 $116

$98.5 $98.5

$246 $246

SIM Card Monthly Plan (Calls and 10GB+ Data)

$44.67 $44.67

$42.37 $42.37

$49.27 $49.27

Internet (50+ Mbps, Unlimited Data)

$61.9 $61.9

$40.46 $40.46

$111 $111

Gym Membership (Monthly)

$41.39 $41.39

$16.85 $16.85

$48.13 $48.13

Cinema Ticket

$11.2 $11.2

$9.16 $9.16

$15.27 $15.27

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$947 $947

International Primary School, 1 Child (Yearly)

$20.9K $20.9K

Jeans (Levis 501 Or Similar)

$59.5 $59.5

$45.23 $45.23

$69.4 $69.4

Summer Dress (H&M, Zara, etc)

$40.28 $40.28

Sport Shoes (Adidas, Nike)

$78.8 $78.8

$49.27 $49.27

$123 $123

Men's Leather Business Shoes

$119 $119

$49.48 $49.48

$168 $168

1-bedroom Apartment, City Center (Monthly)

$1,619 $1,619

$1,213 $1,213

$1,877 $1,877

1-bedroom Apartment, Outside City Center (Monthly)

$1,335 $1,335

$986 $986

$1,479 $1,479

3-bedroom Apartment, City Center (Monthly)

$2,749 $2,749

$2,090 $2,090

$3,136 $3,136

3-bedroom Apartment, Outside City Center (Monthly)

$2,340 $2,340

$1,790 $1,790

$2,633 $2,633

Buy Apartment in City Center (m2)

$2,511 $2,511

$1,794 $1,794

$2,511 $2,511

Buy Apartment Outside City Center (m2)

$2,577 $2,577

$1,992 $1,992

$2,577 $2,577

Average Monthly Net Salary (After Tax)

$1,793 $1,793

20-Year Fixed Mortgage Interest Rate (Annual %)

6.51

6.19

6.8

Citycost data is based on AI and user input – minor inaccuracies may occur.

City tags:

🌎 North america

Cost of Living in Petoskey, MI - Frequently Asked Questions

Petoskey sits between rural scenery and a vacation-driven economy. Cost of Living in Petoskey, MI, United States is generally more favorable than larger coastal metros, yet higher than many inland towns, largely driven by housing and seasonal demand. Long-term housing in or near downtown can be more expensive, while outer neighborhoods or smaller rentals offer relief. Groceries and dining reflect tourist seasons, so you’ll notice swings between peak summer and quieter months. For a short-term stay, look for month-to-month leases or sublets; for longer gigs, prioritize a stable apartment with a dedicated workspace. Tip: Map your work and recreation spots to balance costs.

Daily life in Petoskey hinges on a walkable downtown and easy access to nature. Housing ranges from historic downtown flats to lake-adjacent cottages; search with local rental agencies and seasonal neighbors to capture longer leases. Food options blend farmers markets, casual bistros, and seafood shacks; groceries are plentiful but concentration near tourist zones can affect selection. Transportation leans car-centered, with some bike lanes and limited public transit; in winter, plan for snow. Co-working spaces and coffee shops support remote work; errands are compact in scale. Knowing the Petoskey, MI, United States living cost helps you compare downtown options against quieter neighborhoods. Tip: Start your housing search in shoulder seasons when inventories are richer.

Quality of life here blends outdoor access with a tight-knit community feel. Use a simple budgeting framework: start with essential housing, then utilities and groceries, and leave room for seasonal activities and spontaneous outings. Favor neighborhood fit: downtown for nightlife and walkability, the lakefront for views and summer access, or calmer residential blocks for a quieter pace. Save strategies include off-season dining, buying from farmers markets, and sharing co-working spaces to reduce workstation costs. Seasonal shifts affect energy usage and travel plans, so build a flexible plan that adapts to winter snow and summer crowds. Tip: Track expenses monthly and adjust by season to stay aligned with your lifestyle.