Housing costs in Fraser?
A typical home costs
$198,500, which is 41.3% less expensive than the national average of
$338,100 and 9.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Fraser costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 10.0% cheaper than the state average of
$1,100.
Can I afford Fraser?
To live comfortably in Fraser, Michigan, a minimum annual income of
$38,160 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Fraser?
The cost of living in Fraser, MI is relatively low compared to other cities in the region. The average cost of a one-bedroom apartment is around $790 per month, and the median home value is just under $200,000. The median household income is also quite reasonable at $54,000 per year. Prices for groceries and other necessities are affordable, which makes Fraser an ideal place to live for those on a budget. Additionally, the overall tax rate in the city is relatively low, with most residents paying around 8-9% in taxes each year.