Housing costs in Essex?
A typical home costs
$209,400, which is 38.1% less expensive than the national average of
$338,100 and 4.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Essex costs
$910 per month, which is 36.4% more than the national average of
$1,430 and 20.9% more than the state average of
$1,100.
Can I afford Essex?
To live comfortably in Essex, Michigan, a minimum annual income of
$39,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Essex?
The cost of living in Essex, MI is quite affordable. The median home value in the area is $135,000, and the median rent price is only $845 per month. This makes it an ideal location for those looking to buy or rent a home in a relatively inexpensive area. Additionally, the local economy is strong with many businesses providing service and goods for its residents. Groceries are also reasonably priced, making it easy to manage costs while still enjoying a comfortable lifestyle.