Genoa, MI Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Genoa cost of living score
109.7
More expensive
9.7% higher
than the US average
19.9% higher
than the Michigan average
Genoa, Michigan gets a BestPlaces Cost of Living score of 109.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.7% higher than the U.S. average and 19.9% higher than the average for Michigan.

Genoa, MI

Housing costs in Genoa?
A typical home costs $413,400, which is 22.3% more expensive than the national average of $338,100 and 89.0% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Genoa costs $1,320 per month, which is 7.7% cheaper than the national average of $1,430 and 16.7% more than the state average of $1,100.

Can I afford Genoa?
To live comfortably in Genoa, Michigan, a minimum annual income of $79,200 for a family, and $44,800 for a single person is recommended.

What does A.I. say about Genoa?
The cost of living in Genoa, MI is slightly lower than the national average. The overall cost of goods and services is around 11% lower than the rest of the country, with housing costs being particularly low. Genoa's median home value is approximately $124,700 which is about 31% lower than the national average. Additionally, the local unemployment rate remains below the national average at 4.7%. With a diverse range of job opportunities and affordable housing prices, Genoa offers an attractive option for those looking to save money on their monthly expenses.
   Cost of living score
     CategoriesGenoaMichiganUnited States
  109.791.5100.0
  99.593.4100
  82.184.8100.0
  100.771.2100.0
  $413,400$218,700$338,100
  101.5%100.1%100.0%
  127.4115.1100.0
  111.495.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Genoa, MI cost of living
Compare food, housing, utilities, and more in Genoa, Michigan to any other city in the US.