Housing costs in Fredonia?
A typical home costs
$202,500, which is 40.1% less expensive than the national average of
$338,100 and 7.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Fredonia costs
$930 per month, which is 35.0% more than the national average of
$1,430 and 18.3% more than the state average of
$1,100.
Can I afford Fredonia?
To live comfortably in Fredonia, Michigan, a minimum annual income of
$38,880 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Fredonia?
Fredonia, MI is an affordable place to live. The cost of living stands at 93.6, which is slightly lower than the national average of 100. Housing costs are below the national average with a median home price of $114,100 and median rent of $816 per month. Utilities are also below the national average, making it easier for residents to pay their bills. Groceries and health care expenses are comparable to the national average, giving Fredonia residents plenty of options when it comes to managing their finances.