Housing costs in Bingham Farms?
A typical home costs
$536,200, which is 58.6% more expensive than the national average of
$338,100 and 145.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bingham Farms costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 36.8% more than the state average of
$1,100.
Can I afford Bingham Farms?
To live comfortably in Bingham Farms, Michigan, a minimum annual income of
$102,600 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Bingham Farms?
Bingham Farms, MI is an affluent suburb of Detroit and is known for its upscale housing and amenities. The cost of living in Bingham Farms is higher than the average for Michigan, but still fairly reasonable compared to other places in the region. According to recent data the median home cost is around $500,000 while rental prices are around $1,500 a month. It’s more expensive to shop locally as well with groceries and products costing more than they would elsewhere. Despite the higher costs of living, there are many benefits to Bingham Farms such as good schools, low crime rates, and access to plenty of shopping and entertainment options.