Housing costs in Elberta?
A typical home costs
$210,900, which is 37.6% less expensive than the national average of
$338,100 and 3.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elberta costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 10.0% cheaper than the state average of
$1,100.
Can I afford Elberta?
To live comfortably in Elberta, Michigan, a minimum annual income of
$40,320 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Elberta?
The cost of living in Elberta, MI is relatively affordable compared to other parts of the country. The median home price is around $200,000, which is lower than the national median home price. Additionally, groceries and healthcare costs are comparatively cheaper than other areas in the US. The overall cost of living index is 82.5, which is slightly lower than the national average of 100. Furthermore, unemployment rate in Elberta is significantly below the national average and further helps to reduce the cost of living for residents.