Housing costs in East Grand Rapids?
A typical home costs
$537,600, which is 59.0% more expensive than the national average of
$338,100 and 145.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in East Grand Rapids costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 18.5% more than the state average of
$1,100.
Can I afford East Grand Rapids?
To live comfortably in East Grand Rapids, Michigan, a minimum annual income of
$102,960 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about East Grand Rapids?
The cost of living in East Grand Rapids, MI is higher than many other areas in the state. The median home value in the city is $324,900, which is more than double the national average. In addition, the median gross rent in East Grand Rapids is $1,221 per month, which is significantly higher than much of the rest of Michigan. Groceries and utilities are also slightly more expensive here due to its close proximity to larger cities like Grand Rapids and Detroit. Despite these higher costs, East Grand Rapids still offers a high quality of life due to its excellent schools, parks, and amenities that make it an attractive place to live.