Housing costs in Palmyra?
A typical home costs
$169,800, which is 49.8% less expensive than the national average of
$338,100 and 22.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Palmyra costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 19.6% more than the state average of
$1,100.
Can I afford Palmyra?
To live comfortably in Palmyra, Michigan, a minimum annual income of
$32,400 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Palmyra?
Palmyra, MI is known for its low cost of living. The median home cost for the area is $142,400, which is significantly lower than the national average of $231,200. Property taxes are also below average for the entire state of Michigan. The overall cost of living index in Palmyra is 82.7, making it 8.3% less expensive than the United States average. Residents can take advantage of low prices on goods and services found locally due to the area's low unemployment rate and minimal inflation. Additionally, many city services are free or deeply discounted, such as garbage collection and access to parks and recreation areas.