Living in Menominee is a great experience for those looking for a small-town atmosphere. There are plenty of outdoor activities to enjoy, such as hiking and fishing, and the city offers a variety of restaurants, shops and historical sites. The people in Menominee are also very friendly and welcoming. Unfortunately, the economy in Menominee has suffered due to the closing of local factories, which has meant job losses for the residents.

Pros of purchasing real estate in Menominee, Michigan include:

1. Affordable Housing: The cost of living in Menominee is lower than the national average which makes purchasing real estate in this town more affordable than other places.

2. Growing Economy: The economy of Menominee is growing and diversified between the healthcare, manufacturing, and retail sectors. The town is home to companies such as Kimberly-Clark which provides stability and employment.

3. Outdoor activities: Menominee is located on the shores of Green Bay which offers numerous outdoor activities such as fishing, boating, and hiking.

Cons of purchasing real estate in Menominee, Michigan include:

1. Seasonal climate: Menominee has a cold and snowy winter which can last from November until April. The town is also quite isolated from major cities and cultural destinations.

2. Limited job opportunities: While the economy of Menominee is growing, job opportunities are relatively limited, particularly for those who work in specialized fields.

3. Distance from a major airport: The nearest major airport is more than an hour away which can be difficult for business or personal travel.

Overall, while Menominee has many benefits such as affordable housing, a growing economy, and outdoor activities, it may not be the best fit for everyone due to its location and climate. It is important to weigh these factors against your personal and professional needs before making a decision on purchasing real estate.