Housing costs in Hancock?
A typical home costs
$153,900, which is 54.5% less expensive than the national average of
$338,100 and 29.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hancock costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 37.5% cheaper than the state average of
$1,100.
Can I afford Hancock?
To live comfortably in Hancock, Michigan, a minimum annual income of
$29,520 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Hancock?
The cost of living in Hancock, MI is quite affordable. The median home value is approximately $110,000 and the median rent is around $622 per month. The unemployment rate in the area is around 3.5%, which is lower than the national average and provides access to numerous employment opportunities. The cost of groceries, health care, utilities, transportation, and other daily expenses are all lower than the national average as well. All in all, Hancock offers a high quality of life at an affordable price.