Housing costs in Rich?
A typical home costs
$216,000, which is 36.1% less expensive than the national average of
$338,100 and 1.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rich costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 11.1% more than the state average of
$1,100.
Can I afford Rich?
To live comfortably in Rich, Michigan, a minimum annual income of
$41,400 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Rich?
Rich, MI is a small town located on the western edge of Michigan's Upper Peninsula. The cost of living in Rich, MI is relatively low compared to other parts of the state, providing an attractive option for those on tighter budgets. Housing costs are especially low; rental rates remain affordable even as the population grows and new businesses move into the area. Grocery prices stay at reasonable levels, and all other necessary expenses such as transportation costs remain low. Residents also benefit from low taxes, making it an ideal place to live for those looking to save money while still enjoying quality amenities and a great community atmosphere.