Housing costs in Beechwood?
A typical home costs
$194,600, which is 42.4% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Beechwood costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 6.0% more than the state average of
$1,100.
Can I afford Beechwood?
To live comfortably in Beechwood, Michigan, a minimum annual income of
$37,440 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Beechwood?
The cost of living in Beechwood, MI is quite affordable compared to many other cities across the country. The median home price in Beechwood is approximately $128,000 and the median household income is just over $64,000. With such a low cost of living, residents of Beechwood enjoy being able to save money while still enjoying life in this beautiful city. Also, property taxes are some of the lowest around with an average rate of only 1.7%. Overall, Beechwood offers its residents an incredible balance between affordability and quality of life that can't be found anywhere else.