Housing costs in Otisville?
A typical home costs
$191,100, which is 43.5% less expensive than the national average of
$338,100 and 12.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Otisville costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,100.
Can I afford Otisville?
To live comfortably in Otisville, Michigan, a minimum annual income of
$36,720 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Otisville?
The cost of living in Otisville, MI is relatively low compared to other places in Michigan. According to a survey conducted by Sperling's Best Places, the cost of living index in Otisville is 91.6, which is 9% below the national average. This means that goods and services are generally less expensive here than in other parts of Michigan. Moreover, housing prices are quite affordable compared to most cities in the state. The median home value in Otisville is approximately $140,000, which is well below the average throughout the state. In addition, taxes are on the lower end for residents in Michigan; property tax rate sits at 1.09%, while income tax rate ranges from 4.25-4.35%. All this makes Otisville an attractive destination for those looking to live comfortably without breaking the bank.