Housing costs in Bancroft?
A typical home costs
$160,100, which is 52.6% less expensive than the national average of
$338,100 and 26.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bancroft costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Bancroft?
To live comfortably in Bancroft, Michigan, a minimum annual income of
$30,600 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Bancroft?
The cost of living in Bancroft, MI is quite affordable. The median home value is around $81,200 and the median household income is $43,361. Additionally, the overall cost of living index for Bancroft is 78.2 which falls below the national average of 100. This means that it's less expensive to live in Bancroft than many other parts of the country. Groceries and housing are especially affordable when compared to statewide averages. All these factors make Bancroft an ideal place to live for those on a budget who want to enjoy the rural life this town has to offer.