Housing costs in Gibraltar?
A typical home costs
$219,400, which is 35.1% less expensive than the national average of
$338,100 and 0.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Gibraltar costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Gibraltar?
To live comfortably in Gibraltar, Michigan, a minimum annual income of
$42,120 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Gibraltar?
Gibraltar, Michigan is a great place to live due to its affordable cost of living. The overall cost of living in Gibraltar is 13% lower than the national average and housing costs are even more affordable at 18% lower than the national average. For those looking to purchase a home, the median listing price for a home in Gibraltar is just $223,000. With no state income tax and low sales taxes, residents can enjoy an overall lower cost of living when compared to other areas across the country.