Housing costs in Wise?
A typical home costs
$182,500, which is 46.0% less expensive than the national average of
$338,100 and 16.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wise costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 32.5% more than the state average of
$1,100.
Can I afford Wise?
To live comfortably in Wise, Michigan, a minimum annual income of
$34,920 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Wise?
The cost of living in Wise, MI is quite affordable compared to other areas of the state. The median home price is about $123,000 which is much lower than the Michigan average of $157,000. Utilities are also fairly low-cost with an average electric bill running around $125 and one month's water and sewer bill coming in at approximately $30. Along with the affordable housing prices, Wise has a wide variety of restaurants, grocery stores, and retailers that offer reasonable pricing for merchandise. On top of this, there are several parks and recreational areas nearby that provide plenty of outdoor fun for residents without added costs. All in all, Wise offers a comfortable lifestyle at a budget-friendly price!