Gilead, MI Cost of Living


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Gilead cost of living score
78.7
Less expensive
21.3% lower
than the US average
14.0% lower
than the Michigan average
Gilead, Michigan gets a BestPlaces Cost of Living score of 78.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.3% lower than the U.S. average and 14.0% higher than the average for Michigan.

Gilead, MI

Housing costs in Gilead?
A typical home costs $229,600, which is 32.1% less expensive than the national average of $338,100 and 5.0% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Gilead costs $850 per month, which is 40.6% more than the national average of $1,430 and 29.4% more than the state average of $1,100.

Can I afford Gilead?
To live comfortably in Gilead, Michigan, a minimum annual income of $43,920 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Gilead?
The cost of living in Gilead, MI is relatively low compared to the national average. The median home value is $174,500, which is significantly lower than the U.S. median home value of $231,200. In addition to lower home prices, Gilead residents enjoy a lower overall cost of living. Groceries and miscellaneous goods are inexpensive due to the rural location and proximity to larger cities with better supply chains and pricing structures. Additionally, the town's unemployment rate of 4.5% is well below the U.S. average of 6%. All these factors combine to make Gilead an attractive place for those looking for a stable job market and small town charm on a budget.
   Cost of living score
     CategoriesGileadMichiganUnited States
  78.791.5100.0
  91.893.4100
  96.484.8100.0
  48.471.2100.0
  $229,600$218,700$338,100
  99.7%100.1%100.0%
  100.6115.1100.0
  88.595.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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