Housing costs in Ransom?
A typical home costs
$183,800, which is 45.6% less expensive than the national average of
$338,100 and 16.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ransom costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 34.1% more than the state average of
$1,100.
Can I afford Ransom?
To live comfortably in Ransom, Michigan, a minimum annual income of
$35,280 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Ransom?
The cost of living in Ransom, MI is relatively low compared to other cities. The median home value in Ransom is around $84,000 and the median household income is $45,000, making it a very affordable place to live. Additionally, groceries and utilities are also lower than the national average. Ransom may not have all of the amenities of larger cities, but it offers residents an easy pace of life and a more relaxed atmosphere than many other places in Michigan.