Housing costs in Birmingham?
A typical home costs
$592,900, which is 75.4% more expensive than the national average of
$338,100 and 171.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Birmingham costs
$1,820 per month, which is 65.5% more than the national average of
$1,100 and 33.0% more than the state average of
$1,220.
Can I afford Birmingham?
To live comfortably in Birmingham (zip 48009), Michigan, a minimum annual income of
$113,760 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Birmingham?
The cost of living in 48009 Birmingham, MI is relatively low, with the average cost of living index being 83.2. This is 7.5% lower than the U.S. average, making it a great place to settle for those on a budget. The median home price in 48009 is around $322,500, which is 17.2% lower than the national median home price average, making it an attractive option for those looking to purchase property in the area. The median household income in 48009 is $112,494 annually and the unemployment rate is 4%. Overall, Birmingham provides an affordable and stable cost of living for its inhabitants.