Housing costs in Elm River?
A typical home costs
$294,400, which is 12.9% less expensive than the national average of
$338,100 and 34.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elm River costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 31.0% more than the state average of
$1,100.
Can I afford Elm River?
To live comfortably in Elm River, Michigan, a minimum annual income of
$56,520 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Elm River?
The cost of living in Elm River, MI is fairly low compared to most major cities. The average rent for a one-bedroom apartment is around $650 per month and a three-bedroom house can range from $1,000-$1,500 depending on location. Groceries and other necessities are also quite affordable due to the lack of large chain stores. Utility costs tend to be lower as well because of the generally mild climate and access to natural resources like rivers and lakes. All in all, Elm River adds up to be an economical city with plenty of opportunities for outdoor activities that won't break the bank.