Housing costs in Romulus?
A typical home costs
$175,100, which is 48.2% less expensive than the national average of
$338,100 and 19.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Romulus costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 5.2% more than the state average of
$1,100.
Can I afford Romulus?
To live comfortably in Romulus, Michigan, a minimum annual income of
$33,480 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Romulus?
The cost of living in Romulus, MI is relatively low compared to some other parts of the state. The overall cost of living index for the city is about 90, which is 10 points lower than the national average. This means that residents can generally get more for their money when it comes to housing costs, utilities, groceries, and other expenses. The median home value for Romulus is around $134,600, which is considerably lower than many other areas of Michigan. Additionally, utilities are quite affordable due to a number of energy efficiency initiatives taken by local businesses and organizations. Overall, Romulus provides a great quality of life at an excellent price point.