Housing costs in Spencer?
A typical home costs
$239,700, which is 29.1% less expensive than the national average of
$338,100 and 9.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Spencer 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 Spencer?
To live comfortably in Spencer, Michigan, a minimum annual income of
$46,080 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in Spencer, MI is relatively low compared to other areas in the United States. The median home price is around $100,000, with a median household income of approximately $50,000. Additionally, the cost of groceries and other essentials are much lower than other states. Transportation costs are also affordable for both car owners and public transportation users alike. Overall, Spencer is an ideal place for those looking for a low cost of living without sacrificing quality of life.