Housing costs in Addison?
A typical home costs
$209,700, which is 38.0% less expensive than the national average of
$338,100 and 4.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Addison costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 23.6% cheaper than the state average of
$1,100.
Can I afford Addison?
To live comfortably in Addison, Michigan, a minimum annual income of
$40,320 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Addison?
The cost of living in Addison, MI is relatively low compared to the rest of the United States. According to Best Places, the median home cost is just over $95,000 while the median household income is roughly $43,000. Additionally, the cost of groceries and healthcare are both lower than average while utilities are slightly higher than average. All things considered, Addison provides a great balance between affordability and quality of life for its residents.