Three Oaks township, MI Cost of Living


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Three Oaks township cost of living score
88.1
Less expensive
11.9% lower
than the US average
3.7% lower
than the Michigan average
Three Oaks township, Michigan gets a BestPlaces Cost of Living score of 88.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.9% lower than the U.S. average and 3.7% higher than the average for Michigan.

Three Oaks township, MI

Housing costs in Three Oaks township?
A typical home costs $242,800, which is 28.2% less expensive than the national average of $338,100 and 11.0% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Three Oaks township costs $1,050 per month, which is 26.6% cheaper than the national average of $1,430 and 4.8% cheaper than the state average of $1,100.

Can I afford Three Oaks township?
To live comfortably in Three Oaks township, Michigan, a minimum annual income of $46,440 for a family, and $32,400 for a single person is recommended.

What does A.I. say about Three Oaks township?
The cost of living in Three Oaks township, MI is very reasonable. According to Best Places, the median home cost is approximately $228,400 which is 27.6% lower than the national average. Additionally, the median household income of the township was reported as $65,534 in 2019 which is also lower than the national average. This makes Three Oaks an attractive choice for many who are looking for a more affordable place to live. Furthermore, the median rent in Three Oaks was reported as only $802 in 2018 making it even more accessible for those with limited incomes. Overall, Three Oaks offers its residents an affordable lifestyle and an excellent quality of life.
   Cost of living score
     CategoriesThree Oaks townshipMichiganUnited States
  88.191.5100.0
  93.393.4100
  92.184.8100.0
  65.171.2100.0
  $242,800$218,700$338,100
  86.2%100.1%100.0%
  106.3115.1100.0
  93.195.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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