Housing costs in Groveland?
A typical home costs
$329,600, which is 2.5% less expensive than the national average of
$338,100 and 50.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Groveland costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 10.6% more than the state average of
$1,100.
Can I afford Groveland?
To live comfortably in Groveland, Michigan, a minimum annual income of
$63,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Groveland?
Groveland, MI has an affordable cost of living. The median home value is just over $100,000, which is lower than the national median of around $200,000. The median household income is also low compared to the rest of the state and nation at around $33,000. Groveland does not have a very high property tax rate but still has a moderate sales tax rate of 6%. Utilities and other common expenses in Groveland are also generally lower than the rest of the state and nation. All in all, Groveland is an affordable place to live with a reasonable cost of living that won't break your budget.