Housing costs in London?
A typical home costs
$260,700, which is 22.9% less expensive than the national average of
$338,100 and 19.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in London costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 5.2% more than the state average of
$1,100.
Can I afford London?
To live comfortably in London, Michigan, a minimum annual income of
$50,040 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about London?
The cost of living in London, MI is quite reasonable and is often lower than the national average. The overall cost of living index for London is 83.3 (100 being the U.S. average). This means that the city is considered to be about 17% less expensive than most other cities in the USA. The housing costs in particular are very reasonable, with a median house value of $112,800 and a median rent price of $753 per month. Overall, London provides an affordable option for those looking for a place to live without breaking the bank.