Woodland township, MI Cost of Living


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Woodland township cost of living score
94.2
Less expensive
5.8% lower
than the US average
3.0% higher
than the Michigan average
Woodland township, Michigan gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 3.0% lower than the average for Michigan.

Woodland township, MI

Housing costs in Woodland township?
A typical home costs $260,200, which is 23.0% less expensive than the national average of $338,100 and 19.0% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Woodland township costs $860 per month, which is 39.9% more than the national average of $1,430 and 27.9% more than the state average of $1,100.

Can I afford Woodland township?
To live comfortably in Woodland township, Michigan, a minimum annual income of $49,680 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Woodland township?
Woodland Township, MI is an affordable place to live with a cost of living that is lower than the national average and state average. The median home value in Woodland Township is $123,400 which is far lower than other townships in Michigan and throughout the United States. Additionally, the median household income of $54,034 is slightly below the state average but still well above many other areas in Michigan. Utility costs are also reasonably priced in Woodland Township helping keep overall costs low for residents. With its affordable cost of living, vibrant community, and numerous amenities nearby, Woodland Township has much to offer those looking for a comfortable lifestyle without breaking their budget.
   Cost of living score
     CategoriesWoodland townshipMichiganUnited States
  94.291.5100.0
  9393.4100
  91.284.8100.0
  43.171.2100.0
  $260,200$218,700$338,100
  99.1%100.1%100.0%
  107.3115.1100.0
  99.795.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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