Hancock township, MI Cost of Living


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Hancock township cost of living score
80.3
Less expensive
19.7% lower
than the US average
12.2% lower
than the Michigan average
Hancock township, Michigan gets a BestPlaces Cost of Living score of 80.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.7% lower than the U.S. average and 12.2% higher than the average for Michigan.

Hancock township, MI

Housing costs in Hancock township?
A typical home costs $327,600, which is 3.1% less expensive than the national average of $338,100 and 49.8% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Hancock township costs $810 per month, which is 43.4% more than the national average of $1,430 and 35.8% more than the state average of $1,100.

Can I afford Hancock township?
To live comfortably in Hancock township, Michigan, a minimum annual income of $62,640 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Hancock township?
Hancock Township, MI is a great place to live due to its low cost of living. The median home price in the area is significantly lower than the national average at just $143,700. This makes Hancock an attractive option for those looking to purchase real estate. Additionally, groceries, healthcare, and utilities are all below the national average cost as well. Overall, residents in Hancock Township can enjoy a high quality of life without having to break the bank.
   Cost of living score
     CategoriesHancock townshipMichiganUnited States
  80.391.5100.0
  91.593.4100
  120.984.8100.0
  81.371.2100.0
  $327,600$218,700$338,100
  121.8%100.1%100.0%
  78.9115.1100.0
  94.495.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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