Housing costs in Onaway?
A typical home costs
$121,700, which is 64.0% less expensive than the national average of
$338,100 and 44.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Onaway costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Onaway?
To live comfortably in Onaway, Michigan, a minimum annual income of
$23,400 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Onaway?
Onaway, MI has a relatively low cost of living compared to other areas in the United States. The cost of living index is estimated to be around 80.3, which is about 20% lower than the national average. This means that essential goods and services, like utilities, groceries, and healthcare, are less expensive than they would be in other parts of the country. Additionally, housing costs in Onaway are quite reasonable for those looking to rent or buy property. With its low cost of living and abundance of outdoor activities nearby, Onaway is an ideal place for those looking to save money while still enjoying a great lifestyle.