Hardwood Acres, MI Cost of Living


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How much do I need to live in Hardwood Acres, Michigan?
$3,270 / month
for a family, 39.4% less expensive than the national average A total of $39,240 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Hardwood Acres cost of living score
89.2
Less expensive
10.8% lower
than the US average
2.5% lower
than the Michigan average
Hardwood Acres, Michigan gets a BestPlaces Cost of Living score of 89.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.8% lower than the U.S. average and 2.5% higher than the average for Michigan.

Hardwood Acres, MI

Housing costs in Hardwood Acres?
A typical home costs $205,500, which is 39.2% less expensive than the national average of $338,100 and 6.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Hardwood Acres costs $1,000 per month, which is 30.1% cheaper than the national average of $1,430 and 10.0% cheaper than the state average of $1,100.

Can I afford Hardwood Acres?
To live comfortably in Hardwood Acres, Michigan, a minimum annual income of $39,240 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Hardwood Acres?
Hardwood Acres, MI is a great place to live for those looking to save money. The cost of living in Hardwood Acres is very low compared to the national average. The median home price in 2020 was only $167,000 and utilities are affordable. Groceries and other necessities are also affordably priced, making it possible for people to have comfortable lifestyles without breaking the bank. Additionally, taxes are comparatively lower than the rest of the state, making Hardwood Acres an ideal location for those on a tight budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHardwood AcresMichiganUnited States
    Unlock91.5100.0
  94.8  Unlock100.0
    Unlock84.8100.0
  63.9  Unlock100.0
    Unlock$218,700$338,100
  93.6  Unlock100.0
    Unlock115.1100.0
  103.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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