Housing costs in Reed City?
A typical home costs
$140,300, which is 58.5% less expensive than the national average of
$338,100 and 35.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Reed City costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Reed City?
To live comfortably in Reed City, Michigan, a minimum annual income of
$27,000 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Reed City?
The cost of living in Reed City, MI is quite affordable. The median home value in the city is approximately $70,000, significantly lower than the national average. Rent is also quite affordable; a one-bedroom apartment usually costs around $500 per month. Groceries and other necessities are relatively cheap as well. Overall, residents of Reed City can experience all that the city has to offer without having to worry about an exorbitant cost of living.