Housing costs in Wedgewood?
A typical home costs
$293,400, which is 13.2% less expensive than the national average of
$338,100 and 34.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wedgewood costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 26.4% cheaper than the state average of
$1,100.
Can I afford Wedgewood?
To live comfortably in Wedgewood, Michigan, a minimum annual income of
$56,160 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Wedgewood?
Wedgewood, MI offers an affordable cost of living for its residents. The median home price is just under $90,000, which is nearly 40% lower than the national average. Renters also have access to more budget-friendly options, with median rents falling below the state average at just over $700 per month. Utilities are also competitively priced in Wedgewood, making it a great choice for those looking to stretch their budgets. Furthermore, groceries and other essential items tend to be cheaper than in neighboring towns and cities. All in all, Wedgewood offers a comfortable and economical lifestyle for its citizens.