Housing costs in Gwinn?
A typical home costs
$155,200, which is 54.1% less expensive than the national average of
$338,100 and 29.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Gwinn costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 22.2% cheaper than the state average of
$1,100.
Can I afford Gwinn?
To live comfortably in Gwinn, Michigan, a minimum annual income of
$29,880 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Gwinn?
The cost of living in Gwinn, MI is slightly below the national average and offers a great value for families looking to settle down. The median home value is $86,200 which is much lower than the state's average of $132,000. Even though the median household income is lower than some other parts of Michigan, there are still plenty of job opportunities available due to the surrounding industry in this area. Additionally, the cost of groceries and other goods are significantly cheaper than many other cities across the United States. Overall, Gwinn offers an affordable place to live with plenty of amenities and recreational activities nearby.