Housing costs in Frankenmuth township?
A typical home costs
$323,000, which is 4.5% less expensive than the national average of
$338,100 and 47.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Frankenmuth township costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 32.5% more than the state average of
$1,100.
Can I afford Frankenmuth township?
To live comfortably in Frankenmuth township, Michigan, a minimum annual income of
$61,920 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Frankenmuth township?
The cost of living in Frankenmuth Township, MI is generally considered to be relatively affordable compared to the rest of Michigan and the United States as a whole. According to the US Bureau of Labor Statistics, the median household income in Frankenmuth is $60,122, which is more than $10,000 higher than the national average. Groceries, healthcare, transportation expenses and housing costs are all around 10% lower than the national average. Combined with its low crime rate and excellent school system, Frankenmuth offers an attractive combination of affordability and quality of life for families looking for a great place to live.