Housing costs in Loomis?
A typical home costs
$202,600, 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 Loomis costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,100.
Can I afford Loomis?
To live comfortably in Loomis, Michigan, a minimum annual income of
$38,880 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Loomis?
Loomis, MI is a relatively affordable city with an average cost of living that is 8% lower than the national average. Housing costs are particularly low, as the median home price in the area is $74,800—over 40% lower than the national average. Other expenses such as groceries and utilities are also below average. All in all, Loomis offers a great quality of life at an affordable cost for residents.