Housing costs in Calumet charter?
A typical home costs
$89,900, which is 73.4% less expensive than the national average of
$338,100 and 58.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Calumet charter costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 29.4% more than the state average of
$1,100.
Can I afford Calumet charter?
To live comfortably in Calumet charter, Michigan, a minimum annual income of
$17,280 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Calumet charter?
Calumet Charter Township, MI is a great place to live due to its low cost of living. According to the 2020 American Community Survey five-year estimates, the median household income in Calumet Charter Township is around $41,000 and the median house/condo value is estimated to be about $138,000. This is significantly lower than the national average median household income of nearly $61,000. The unemployment rate in Calumet Charter Township also is much lower than the national average at only 6%. As such, living costs are more affordable for those who call Calumet Charter Township home. Rent prices are slightly higher than the national average but still remain comparatively low. In addition, food and transportation costs remain below the national averages as well. All in all, individuals looking for an affordable place to live should consider Calumet Charter Township due to its comparatively low cost of living.