Housing costs in Newberg?
A typical home costs
$209,300, which is 38.1% less expensive than the national average of
$338,100 and 4.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Newberg costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 10.0% cheaper than the state average of
$1,100.
Can I afford Newberg?
To live comfortably in Newberg, Michigan, a minimum annual income of
$39,960 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Newberg?
The cost of living in Newberg, MI is quite affordable. The median home value is $157,100, which is much lower than the national average. Additionally, the median household income in Newberg is $66,313 per year and the unemployment rate is only 3%. With such an attractive housing price and economic stability, many find it easy to make ends meet in this small Michigan community. In addition to affordable housing and job opportunities, there are also plenty of dining and entertainment options available to enjoy. All of these factors combine to make Newberg an excellent place to live with a reasonable cost of living.