Housing costs in Frankenmuth?
A typical home costs
$277,000, which is 18.1% less expensive than the national average of
$338,100 and 26.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Frankenmuth costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Frankenmuth?
To live comfortably in Frankenmuth, Michigan, a minimum annual income of
$52,920 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Frankenmuth?
The cost of living in Frankenmuth, MI is quite affordable. For instance, housing costs in the area are quite low compared to other areas in the country. The median home value is about $129,600 which is much lower than the U.S. average of $196,500. Additionally, rental prices across Frankenmuth are also much lower than the national average at $783 per month for a one-bedroom apartment compared to the U.S. average of $949 per month. Groceries and transportation costs are also below the national averages as well providing further affordability for those looking to move to or currently living in Frankenmuth.