Housing costs in Erie?
A typical home costs
$194,600, which is 42.4% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Erie costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and 12.7% more than the state average of
$1,100.
Can I afford Erie?
To live comfortably in Erie, Michigan, a minimum annual income of
$37,440 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Erie?
The cost of living in Erie, MI is quite affordable compared to other cities in the US. The overall cost of living index for Erie is 88.5, which is below the national average of 100. Housing costs in Erie are some of the most reasonable in the country, with a median home value of $118,600 and median rent of just $660 per month. Additionally, utilities are reasonably priced at an average monthly cost of $131. Food costs are also relatively low, with grocery prices being 5% lower than the national average. All of these factors combined make Erie an attractive and affordable place to live for individuals and families looking to relocate or settle down in Michigan.