Housing costs in Colon?
A typical home costs
$165,900, which is 50.9% less expensive than the national average of
$338,100 and 24.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Colon 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 Colon?
To live comfortably in Colon, Michigan, a minimum annual income of
$31,680 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Colon?
The cost of living in Colon, MI is relatively low compared to other parts of the state. The median home value in Colon is $79,000 and the median household income is $36,373. The unemployment rate in Colon is 8%, which is lower than the national average. Additionally, basic necessitates such as food and transportation are much more affordable in Colon due to its rural location. The low housing costs mean that people can enjoy a comfortable life with few financial worries. Overall, the cost of living in Colon makes it an attractive place for those seeking an affordable quality of life.