Housing costs in Chapin?
A typical home costs
$113,300, which is 66.5% less expensive than the national average of
$338,100 and 48.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Chapin costs
$910 per month, which is 36.4% more than the national average of
$1,430 and 20.9% more than the state average of
$1,100.
Can I afford Chapin?
To live comfortably in Chapin, Michigan, a minimum annual income of
$21,600 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Chapin?
The cost of living in Chapin, MI is quite affordable compared to other cities across the country. The median home value is approximately $101,000 which is lower than the U.S. average of $184,700. The median income for a household in Chapin is roughly $38,000 which is slightly below the national average of $55,322. Renters typically pay about 8% less for their housing costs than renters in other parts of Michigan and 21% less than renters nationally. Utilities are also much more affordable than elsewhere in Michigan with an average monthly cost of only $120 compared to the national average of $150. Furthermore, groceries are relatively inexpensive with most basic items costing 20-25% less than what people pay in other states. All these factors make living in Chapin a very attractive option for those looking for an affordable place to live.