Housing costs in Redford?
A typical home costs
$139,400, which is 58.8% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Redford costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 26.2% more than the state average of
$1,100.
Can I afford Redford?
To live comfortably in Redford (zip 48240), Michigan, a minimum annual income of
$26,640 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Redford?
The cost of living in 48240 Redford, MI is relatively affordable. The median home value sits at $104,000 which is much lower than the national average. Renting can be even more affordable with a median rent of only $1,065. The overall cost of living index for Redford is 83.7 which is 17.3% lower than the national average of 100. Groceries, healthcare, and utilities all come in below the national average as well making it an ideal location to live for those who want to save money while still enjoying city amenities.