Housing costs in Carmel?
A typical home costs
$243,200, which is 28.1% less expensive than the national average of
$338,100 and 11.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Carmel costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 13.4% more than the state average of
$1,100.
Can I afford Carmel?
To live comfortably in Carmel, Michigan, a minimum annual income of
$46,440 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Carmel?
Carmel, MI offers a low cost of living compared to the United States average. The median home value is lower than the national averages, currently sitting at $201,000. Renting in Carmel is also very affordable with one bedrooms costing around $1,000 per month and three bedroom apartments costing just over $1,400 per month. The costs of utilities, groceries and transportation are all below the U.S. average as well. Residents of Carmel can enjoy a high quality of life without breaking the bank.