Housing costs in Caro?
A typical home costs
$147,000, which is 56.5% less expensive than the national average of
$338,100 and 32.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Caro costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Caro?
To live comfortably in Caro, Michigan, a minimum annual income of
$28,080 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Caro?
Caro, MI is an affordable place to call home. With a median homeowner cost of just $677 per month, Caro is one of the most economical places in Michigan. Renters can also find affordable housing with a median rent of just $637 per month. Groceries and other everyday essentials are also cheaper than average throughout the city. Additionally, utilities are quite reasonable with an average of only $117 per month for electricity, water and heating/cooling costs. All in all, living in Caro is highly affordable and a great option for those who want a low-cost quality of life.