Housing costs in Mio?
A typical home costs
$92,200, which is 72.7% less expensive than the national average of
$338,100 and 57.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Mio costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 48.6% cheaper than the state average of
$1,100.
Can I afford Mio?
To live comfortably in Mio, Michigan, a minimum annual income of
$17,640 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Mio?
The cost of living in Mio, MI is quite reasonable compared to other cities in the area. The median home cost in Mio is around $75,000, which is significantly lower than the national average. Other areas of expenditure, such as groceries, healthcare and transportation are all well below the U.S. averages as well. This makes Mio a great place to live for those looking for an affordable cost of living. Additionally, there are plenty of jobs available in the city and surrounding areas, providing ample opportunities for gainful employment. All of these factors make Mio a great place to call home!