Housing costs in Niles?
A typical home costs
$165,100, which is 51.2% less expensive than the national average of
$338,100 and 24.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Niles costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,100.
Can I afford Niles?
To live comfortably in Niles, Michigan, a minimum annual income of
$31,680 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Niles?
Niles, MI has a relatively low cost of living compared to the rest of the United States. The median home value is $85,700, which is significantly lower than the national average. Similarly, the cost of groceries, utilities, and healthcare are all lower than average. The overall cost of living index in Niles is 89.6 out of 100, which suggests that it is slightly more affordable than other parts of the country. Additionally, unemployment rate in Niles has remained consistently low over the past few years—lending further evidence to its affordability and stability as a place to call home.