Housing costs in Houghton?
A typical home costs
$172,600, which is 49.0% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Houghton costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 52.8% cheaper than the state average of
$1,100.
Can I afford Houghton?
To live comfortably in Houghton, Michigan, a minimum annual income of
$33,120 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Houghton?
The cost of living in Houghton, MI is quite reasonable. The median home value is $107,200 and the cost of living index is significantly lower than the US average at 81.2. Renting a one bedroom in Houghton costs an average of $553 per month, while two bedrooms run around $717 per month. Groceries and utilities are also relatively inexpensive compared to other parts of the country. All in all, Houghton offers great value for those who are looking for an affordable place to call home.