Housing costs in Village of Grosse Pointe Shores?
A typical home costs
$624,700, which is 84.8% more expensive than the national average of
$338,100 and 185.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Village of Grosse Pointe Shores costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 31.7% more than the state average of
$1,100.
Can I afford Village of Grosse Pointe Shores?
To live comfortably in Village of Grosse Pointe Shores, Michigan, a minimum annual income of
$119,520 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Village of Grosse Pointe Shores?
The cost of living in Village of Grosse Pointe Shores, MI is higher than the average for the United States. According to Sperling's Best Places, the overall cost of living index is 121, which is 21 points above the national average. Housing costs are particularly high with a median home value of over $400k and a median rent of around $2k per month. This makes it difficult for those on lower incomes or fixed budgets to afford to live in the area. Despite this, residents enjoy access to numerous amenities and services such as quality shopping centers, award-winning schools, and plenty of recreational activities.