Housing costs in Dowagiac?
A typical home costs
$175,200, which is 48.2% less expensive than the national average of
$338,100 and 19.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Dowagiac costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,100.
Can I afford Dowagiac?
To live comfortably in Dowagiac, Michigan, a minimum annual income of
$33,480 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Dowagiac?
The cost of living in Dowagiac, MI is very affordable when compared to the rest of the country. The median home value in Dowagiac is $80,400, which is much lower than the national average of almost $200,000. Furthermore, the median household income in Dowagiac is just over $43,000, which is also lower than the U.S. average of almost $60,000 a year. The overall cost of living index for Dowagiac is slightly lower than the national average at 86.2 compared to 100 for the U.S., indicating that it's an affordable place to live and do business with significantly lower costs of goods and services than other parts of the country.