Housing costs in New Buffalo?
A typical home costs
$517,600, which is 53.1% more expensive than the national average of
$338,100 and 136.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Buffalo costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford New Buffalo?
To live comfortably in New Buffalo, Michigan, a minimum annual income of
$99,000 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about New Buffalo?
New Buffalo, MI is considered one of the most expensive places to live in Michigan. The average home price is around $180,000, which is significantly higher than other nearby areas. Rent prices can also be high due to the city's popularity as a vacation destination. Groceries are slightly more expensive than other parts of Michigan, but overall the cost of living remains manageable for most residents. Additionally, the city offers a range of activities and attractions that make up for its higher living costs.