Housing costs in Chatham?
A typical home costs
$161,700, which is 52.2% less expensive than the national average of
$338,100 and 26.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Chatham costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Chatham?
To live comfortably in Chatham, Michigan, a minimum annual income of
$30,960 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in Chatham, MI is relatively low. It is one of the cheaper places to live in Michigan, with a cost of living index that is 14% lower than the national average. The median home price in Chatham sits around $125,000, and rental costs are also fairly low with an average rent for a one bedroom apartment coming in around $700. Groceries are also affordable, with prices coming in slightly lower than the state average. Gas prices tend to be on par with other nearby cities as well. All in all, the cost of living makes this small town an attractive place for those looking to move to Michigan without breaking the bank.