Housing costs in Muskegon?
A typical home costs
$151,900, which is 55.1% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Muskegon costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,100.
Can I afford Muskegon?
To live comfortably in Muskegon, Michigan, a minimum annual income of
$29,160 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Muskegon?
Muskegon, Michigan has a low cost of living. According to the Council for Community and Economic Research's Cost of Living Index, Muskegon's score is 78.6 which is well below the national average of 100. This means that residents can expect to pay less for goods and services than the rest of the country. Additionally, housing in Muskegon is much more affordable than the national average – with median home prices being around $95,800 as compared to $179,600 nationwide. This makes Muskegon an attractive city for those looking for both affordability and quality of life.