College Costs in Petoskey, MI 2026
Compare tuition, housing, and financial aid across 1 colleges in Petoskey, Michigan. Use our free calculator to estimate your total cost.
Avg Public Tuition
$15,400
per year
Avg Private Tuition
$32,000
per year
Avg Rent Near Campus
$528
per month
Colleges & Universities
1
institutions
Petoskey Overview
Population
5,701
Student Population
1,248 (21.9%)
Cost of Living Index
87.7 (avg: 100)
Walk Score
41/100
Transit Score
13/100
Unemployment Rate
3.5%
College Cost Calculator for Petoskey
Cost Inputs
Total Cost (4 Years, Public In-State)
$118,960
Total After Financial Aid
$118,960
Annual Cost
$29,740
Annual After Aid
$29,740
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $118,960 |
| Monthly Payment | $1,351 |
| Total Interest | $43,132 |
| Total Loan Cost | $162,092 |
Universities in Petoskey
| University | Type | Annual Tuition |
|---|---|---|
| Petoskey State University | Public | $15,348 |
| Petoskey Community College | Community | $5,092 |
Petoskey has 1 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Petoskey vs. National Average
| Category | Petoskey | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $15,400 | $10,940 | +$4,460 |
| Monthly Rent Near Campus | $528 | $1,050 | -$522 |
| Cost of Living Index | 87.7 | 100 | -12.299999999999997 |
Petoskey's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Petoskey
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,248 students
Petoskey has a total population of 5,701, with approximately 1,248 college students (21.9% of the population). As a major college town, Petoskey offers a vibrant campus atmosphere with student-friendly businesses, affordable dining options, and active social scene.
Post-Graduation Outlook in Petoskey
$30,392
Starting Salary
3.5%
Unemployment Rate
70%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Petoskey earn a median starting salary of $30,392, which is -$4,608 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $118,960 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $14,720 per student per year, the net cost and payback period can be significantly reduced.
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