Forest Hills, MI Cost of Living

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Forest Hills cost of living score
Less expensive
5.5% lower
than the US average
3.3% higher
than the Michigan average
Forest Hills, Michigan gets a BestPlaces Cost of Living score of 94.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.5% lower than the U.S. average and 3.3% lower than the average for Michigan.

Forest Hills, MI

Housing costs in Forest Hills?
A typical home costs $423,500, which is 25.3% more expensive than the national average of $338,100 and 93.6% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Forest Hills costs $1,680 per month, which is 17.5% more than the national average of $1,430 and 34.5% more than the state average of $1,100.

Can I afford Forest Hills?
To live comfortably in Forest Hills, Michigan, a minimum annual income of $81,000 for a family, and $55,600 for a single person is recommended.

What does A.I. say about Forest Hills?
Forest Hills, MI has an affordable cost of living when compared to other parts of the state. The median home value for this community is approximately $145,000 and the median household income is around $51,000 annually. Renters in Forest Hills can expect to pay a median price of about $765 a month. Other expenses such as food, basic utilities, and transportation are also lower than average when compared to other areas in Michigan. All in all, Forest Hills offers a very reasonable cost of living for those who choose to move there.
   Cost of living score
     CategoriesForest HillsMichiganUnited States

   100=National Average

   Average Rent by Bedroom Size
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