2 of rural Northern Michigan's 10 most common jobs can buy a home in Falmouth
The typical house costs $191,562. At today's 7.32% mortgage rate, buying it takes $65,180 a year.
ESTIMATEHome price for Falmouth. Rent from HUD for Missaukee County, scaled to Zillow, jobs for rural Northern Michigan, and the statewide new-buyer tax rate. How the estimate works
RURAL NORTHERN MICHIGAN'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $47K
Rent house $60K
Buy $65K
You
Enter your pay above to add your row
Registered nurses
$82,950Can buy
General and operations managers
$80,590Can buy
Office clerks, general
$42,340Rent over 30%
Waiters and waitresses
$38,820Rent over 30%
Cooks, restaurant
$35,800Rent over 30%
Home health and personal care aides
$35,070Rent over 30%
Retail salespersons
$34,690Rent over 30%
Stockers and order fillers
$34,380Rent over 30%
Cashiers
$28,900Rent over 30%
Fast food and counter workers
$28,650Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.