Housing costs in Excelsior?
A typical home costs
$212,200, which is 37.2% less expensive than the national average of
$338,100 and 3.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Excelsior costs
$800 per month, which is 44.1% more than the national average of
$1,430 and 37.5% more than the state average of
$1,100.
Can I afford Excelsior?
To live comfortably in Excelsior, Michigan, a minimum annual income of
$40,680 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Excelsior?
The cost of living in Excelsior, MI is quite reasonable. The median home value is around $225,000, which is much lower than the national average. Additionally, the cost of groceries, health care and utilities are all below the state averages. The overall cost of living index can be as low as 81.1%, making it one of the most affordable cities in Michigan to live in. With low costs for housing and basic necessities combined with a strong job market and quality schools, Excelsior makes an attractive choice for families looking to relocate or purchase a new home.