Cheboygan County, MI
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 45.48, -84.50.
Assembled 2026-10-07. Read the brief.
- 54th pct · 1,405th of 3,063 US counties · median $234,566
- 60th pct · 33rd of 83 Michigan counties · median $226,891
- 66th pct · 1,018th of 3,063 US counties · median +2.9%
- 32nd pct · 56th of 83 Michigan counties · median +5.7%
- US counties: not published this period
- Michigan counties: not published this period
- 39th pct · 1,934th of 3,221 US counties · median 8,232
- 26th pct · 61st of 83 Michigan counties · median 12,414
- 40th pct · 1,916th of 3,221 US counties · median $1,039
- 37th pct · 52nd of 83 Michigan counties · median $1,045
- 59th pct · 1,247th of 3,063 US counties · median 4.3
- 69th pct · 26th of 83 Michigan counties · median 4.1
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $245,371 (Aug 2026), +4.5% over one year, +19.4% over five
- 54th pct · 1,405th of 3,063 US counties · median $234,566
- 60th pct · 33rd of 83 Michigan counties · median $226,891
| Item | Value | Distance |
|---|---|---|
| Cheboygan County, MI | $245,371 · +4.5% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Michigan counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,343 a month on $245,371 at 7.28%, against an average weekly wage worth $4,320 a month: 31.1% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $245,371 × 80% = $196,296, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,343/mo principal and interest
- wage share = payment / (avg weekly wage $997 × 52 / 12 = $4,320) = 31% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $245,371 / ($997 × 52) = 4.7
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
5,535 jobs at 831 employers (2026 Q1); +7.1% jobs and +2.3% average weekly wage over the year
- 39th pct · 1,934th of 3,221 US counties · median 8,232
- 26th pct · 61st of 83 Michigan counties · median 12,414
| Item | Value | Distance |
|---|---|---|
| Cheboygan County, MI | 5,535 jobs · $997/wk · +7.1% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 1,152 | $701 | 2.14 | +9.0% |
| Accommodation and food services | 770 | $513 | 1.55 | +6.2% |
| Construction | 645 | $1,615 | 2.22 | +20.1% |
| Manufacturing | 222 | $982 | 0.50 | -7.5% |
| Finance and insurance | 213 | $1,830 | 0.94 | +4.4% |
| Other services | 205 | $702 | 1.24 | -6.0% |
| Wholesale trade | 145 | $1,255 | 0.68 | -1.4% |
| Professional and technical services | 123 | $1,727 | 0.32 | +8.8% |
| Transportation and warehousing | 83 | $1,077 | 0.36 | +18.6% |
| Arts, entertainment and recreation | 74 | $654 | 0.81 | +48.0% |
| Real estate and rental | 40 | $742 | 0.47 | +8.1% |
| Unclassified | 16 | $657 | 1.36 | +6.7% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D0 abnormally dry
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
No reservoir gauges within 150 km (or the camera is above the gauge altitude)
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
6 gauges · 0 flooding · 0 with quality panels · 3 stale
Sites found: 6, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| BLACK RIVER NEAR TOWER, MI | flow 142.0 ft³/s · STALE | 16 km |
| STURGEON RIVER NEAR WOLVERINE, MI | flow 219.0 ft³/s · STALE | 22 km |
| STURGEON RIVER AT WOLVERINE, MI | flow 205.0 ft³/s | 24 km |
| PIGEON RIVER AT PIGEON RIVER HQ NR VANDERBILT, MI | flow 61.0 ft³/s · STALE | 34 km |
| PIGEON RIVER NEAR VANDERBILT, MI | flow 77.0 ft³/s | 36 km |
| JORDAN RIVER NEAR EAST JORDAN, MI | flow 180.0 ft³/s | 63 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
6 wells in 2 named aquifers: Sand and gravel aquifers (glaciated regions), Silurian-Devonian aquifers
Sites found: 6, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| Sand and gravel aquifers (glaciated regions) | depth 58.1 ft · 1991-09-30 | 30 km |
| Sand and gravel aquifers (glaciated regions) | depth 74.1 ft · 1953-10-08 | 30 km |
| Sand and gravel aquifers (glaciated regions) | depth 5.82 ft · 2026-10-06 | 34 km |
| 41N 05W 23BC 01 MACKINAC CO (ROUND LAKE CCC) | depth 13.9 ft · 1959-08-28 | 60 km |
| Silurian-Devonian aquifers | depth 26.9 ft · 1992-07-07 | 65 km |
| Sand and gravel aquifers (glaciated regions) | depth 15.1 ft · 1992-04-21 | 75 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35
Banks & federal dollars #
$412.9 m in deposits at 8 offices of 4 banks (SOD June 2026); HHI 4,444, highly concentrated. $239.6 m federal obligations in FY2026 (direct payments $218.8 m, grants $20.0 m), $43,297 per covered job
| Item | Value | Distance |
|---|---|---|
| Citizens National Bank of Cheboygan | $254.3 m · 61.6% share · 5 offices | |
| PNC Bank, National Association | $92.8 m · 22.5% share · 1 office | |
| Nicolet National Bank | $45.7 m · 11.1% share · 1 office | |
| Cheboygan, MI | $239.6 m FY2026 · $43,297/job | |
| MULTIPLE RECIPIENTS | $217.4 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Citizens National Bank of Cheboygan | $254,297,000 | 61.6% | 5 |
| PNC Bank, National Association | $92,779,000 | 22.5% | 1 |
| Nicolet National Bank | $45,684,000 | 11.1% | 1 |
| First Community Bank | $20,142,000 | 4.9% | 1 |
Deposit concentration is 4,444 across 4 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 4 banks with deposits in the county = 61.6² + 22.5² + 11.1² + … (1 more) = 4,444
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $196,439,431 |
| Department of Veterans Affairs | $20,199,450 |
| Department of Transportation | $19,440,042 |
| Department of Housing and Urban Development | $1,181,301 |
| Department of Homeland Security | $764,102 |
| Railroad Retirement Board | $743,696 |
| Department of Agriculture | $514,798 |
| Federal Communications Commission | $193,764 |
| Department of Education | $86,796 |
| Department of Health and Human Services | $85,047 |
| Small Business Administration | $38,415 |
| Department of the Interior | $2,605 |
That is $43,297 per covered job, against 5,535 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $239.6 m / 5,535 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $43,297
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Cheboygan County, MI: 8 findings, 1 at a watch level and 7 noted
watchCheboygan County, MI's typical home value of +4.5% scores 67 on the 0-to-100 scale across US counties but 33 across Michigan counties, a gap of 34 points.
Period 2026-08.Show the arithmetic
- 34 = |67 across US counties - 33 across Michigan counties|
position among the entities that published this metric this period; not an official level
noteCheboygan County, MI's covered employment was 7.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +7.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteCheboygan County, MI's average weekly wage was 2.3% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.3 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteCheboygan County, MI's covered employment of +7.1% ranks 110th of 3,221 US counties, against a median of -0.2%.
Period 2026 Q1.Show the arithmetic
- 97 on the 0-to-100 scale across 3221 US counties that published jobs.yoy.emp
position among the entities that published this metric this period; not an official level
noteCheboygan County, MI's covered employment of +7.1% ranks 6th of 83 Michigan counties, against a median of +1.2%.
Period 2026 Q1.Show the arithmetic
- 94 on the 0-to-100 scale across 83 Michigan counties that published jobs.yoy.emp
position among the entities that published this metric this period; not an official level
Read all 8 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.