Housing costs in Royalton?
A typical home costs
$438,700, which is 29.8% more expensive than the national average of
$338,100 and 100.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Royalton costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,100.
Can I afford Royalton?
To live comfortably in Royalton, Michigan, a minimum annual income of
$83,880 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Royalton?
The cost of living in Royalton, MI is quite affordable. The average home price in the city is around $135,000, making it a great option for families looking to purchase their first home. Additionally, the median household income is relatively high at nearly $62,000. All of these factors combine to create an attractive living situation for people looking for an affordable place to call home. Property taxes are also low compared to other areas, which helps keep the cost of living even lower.