Housing costs in Coloma?
A typical home costs
$206,000, which is 39.1% less expensive than the national average of
$338,100 and 5.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Coloma costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,100.
Can I afford Coloma?
To live comfortably in Coloma, Michigan, a minimum annual income of
$39,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Coloma?
The cost of living in Coloma, MI is very reasonable. The overall cost of living index in Coloma is 17% lower than the national average, making it a very attractive place to live for those looking for an affordable option. Housing costs are particularly low, with the median home value coming in at about $94,300 – significantly lower than many similar-sized cities across the country. Other costs such as health care, groceries and transportation also tend to be relatively low compared to other areas in Michigan and throughout the United States. All in all, Coloma offers residents a great quality of life without breaking the bank.