Housing costs in Wayne?
A typical home costs
$151,300, which is 55.2% less expensive than the national average of
$338,100 and 30.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wayne costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,100.
Can I afford Wayne?
To live comfortably in Wayne, Michigan, a minimum annual income of
$29,160 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Wayne?
The cost of living in Wayne, MI is very affordable. Housing costs are on the lower end compared to other cities in the state, with a median home price of about $137,000. Utilities and groceries are also quite reasonable. Overall, residents can expect to pay few costs for basic needs like housing and food. The city has a variety of job options that provide residents with an opportunity for financial stability as well. In addition, there is no income tax in Michigan which provides more money to spend on other things like entertainment and recreation. Ultimately, Wayne is an attractive place to live due to its low cost of living and wide range of investment options.