Housing costs in Michigan?
A typical home costs
$218,700, which is 35.3% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Michigan costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Michigan?
To live comfortably in Michigan, a minimum annual income of
$41,760 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Michigan?
The cost of living in Michigan State is relatively affordable compared to other states. The overall cost of living index for Michigan is 92.4, which is 8.6% lower than the national average. Housing and utilities in the state are particularly affordable, with an index of 80.5% below the national average. Additionally, groceries and healthcare are also slightly cheaper than the national averages. This makes it easy for families on a tight budget to make ends meet in Michigan State while still having money left over for fun activities or saving for the future.