Housing costs in Rockford?
A typical home costs
$355,800, which is 5.2% more expensive than the national average of
$338,100 and 62.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rockford costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 17.3% more than the state average of
$1,100.
Can I afford Rockford?
To live comfortably in Rockford, Michigan, a minimum annual income of
$68,040 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Rockford?
Rockford, MI is known for its low cost of living. The median home price in Rockford is $211,000, which is much lower than the statewide median of $220,000. Renters will also benefit from the low costs; a two-bedroom apartment averages around $700 per month. Utility bills are also quite affordable in Rockford, with electricity costing an average of 8 cents per kWh and natural gas at an average of $16 per mcf. Additionally, the sales tax rate is 6%, one of the lowest in Michigan. All these factors combined make Rockford an attractive place to live for those with a tight budget.