Housing costs in Frankfort?
A typical home costs
$401,400, which is 18.7% more expensive than the national average of
$338,100 and 83.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Frankfort costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% cheaper than the state average of
$1,100.
Can I afford Frankfort?
To live comfortably in Frankfort, Michigan, a minimum annual income of
$77,040 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Frankfort?
Frankfort, MI is an affordable place to live, with a cost of living approximately 10 percent lower than the U.S. average according to Sperling's Best Places. The town has a low average housing cost compared to the U.S average, and most goods and services, such as groceries and medical care, are also lower than the norm. Though income levels in Frankfort may be slightly lower than other parts of Michigan, the overall cost of living is still quite attractive for new residents looking for an affordable place to call home.