Housing costs in Farwell?
A typical home costs
$148,200, which is 56.2% less expensive than the national average of
$338,100 and 32.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Farwell costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,100.
Can I afford Farwell?
To live comfortably in Farwell, Michigan, a minimum annual income of
$28,440 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Farwell?
The cost of living in Farwell, MI is relatively affordable compared to many other places in the state. In general, the cost of housing is quite reasonable, with median home prices coming in at just over $90,000. The average monthly rent for a two-bedroom apartment comes in around $650, making it an attractive option for many. Groceries and utilities are also well priced; the median household income is slightly below the national average but still enough to maintain a comfortable lifestyle. Overall, Farwell offers an affordable and desirable quality of life for residents.