Housing costs in Allen Park?
A typical home costs
$183,400, which is 45.8% less expensive than the national average of
$338,100 and 16.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Allen Park costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 11.3% more than the state average of
$1,100.
Can I afford Allen Park?
To live comfortably in Allen Park, Michigan, a minimum annual income of
$35,280 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Allen Park?
The cost of living in Allen Park, MI is relatively affordable. According to the Council for Community and Economic Research (C2ER), housing costs in Allen Park are significantly lower than the national average, making it an ideal place for people looking to save money while still having access to all of the amenities of a larger city. The median home value in Allen Park is $145,500, which is much lower than the Michigan state average of $176,700. Additionally, other essentials such as groceries and utilities are also lower than the national average. With its low cost of living and proximity to Detroit and other major cities in Michigan, Allen Park offers an attractive option for those looking for an affordable place to live.