Housing costs in Mendon?
A typical home costs
$168,100, which is 50.3% less expensive than the national average of
$338,100 and 23.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Mendon costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 6.8% cheaper than the state average of
$1,100.
Can I afford Mendon?
To live comfortably in Mendon, Michigan, a minimum annual income of
$32,040 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Mendon?
Mendon, MI has a moderate cost of living compared to state and national averages. The cost of goods and services is 8% lower than the US average, while housing costs are 10% lower than the national average. Furthermore, transportation costs in Mendon are 4% lower than the US average. The median home value in Mendon is $141,600 which is slightly higher than the Michigan median home value of $130,700 but still significantly below the nationwide figure of $231,200. Overall, Mendon is an affordable place to live with a reasonable cost of living that gives residents access to many amenities without breaking their budget.