Housing costs in Ferrysburg?
A typical home costs
$353,300, which is 4.5% more expensive than the national average of
$338,100 and 61.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ferrysburg costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Ferrysburg?
To live comfortably in Ferrysburg, Michigan, a minimum annual income of
$67,680 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Ferrysburg?
The cost of living in Ferrysburg, MI is generally quite reasonable. The area is known to be cheaper than most other cities in Michigan and the US overall. According to Best Places, the median household income in Ferrysburg is $59,105, while the median home value is $104,200, and the cost of living index is 93.6. The average price for a one-bedroom apartment is just over $900 per month. Groceries are also quite affordable in Ferrysburg; the average cost for groceries here is about 10% less than the national average. Overall, Ferrysburg provides a great quality of life at an affordable price tag.