Housing costs in Grosse Pointe Farms?
A typical home costs
$431,900, which is 27.7% more expensive than the national average of
$338,100 and 97.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grosse Pointe Farms costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 31.7% more than the state average of
$1,100.
Can I afford Grosse Pointe Farms?
To live comfortably in Grosse Pointe Farms, Michigan, a minimum annual income of
$82,800 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Grosse Pointe Farms?
Grosse Pointe Farms, MI is known for its high cost of living. The median home cost in Grosse Pointe Farms is $310,300, and the average rental rate is around $1,632 per month. Groceries and other household items are also expensive compared to other cities in Michigan, with an index score of 110.9, putting it above the national average of 100. Additionally, utilities such as electricity and water typically run higher than the Michigan average due to the city's proximity to Lake St. Clair and its severe winter climate. Although prices can be steep, the city offers a safe neighborhood with excellent public schools and amenities that make up for the higher cost of living.