Homer township, MI Cost of Living


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How much do I need to live in Homer township, Michigan?
$2,280 / month
for a family, 57.8% less expensive than the national average A total of $27,360 for the year for a family.
$2,467 / month
for a single person, 48.2% less expensive than the national average A total of $29,600 for the year for a single person.

Homer township cost of living score
82.5
Less expensive
17.5% lower
than the US average
9.8% lower
than the Michigan average
Homer township, Michigan gets a BestPlaces Cost of Living score of 82.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.5% lower than the U.S. average and 9.8% higher than the average for Michigan.

Homer township, MI

Housing costs in Homer township?
A typical home costs $143,000, which is 57.7% less expensive than the national average of $338,100 and 34.6% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Homer township costs $920 per month, which is 35.7% more than the national average of $1,430 and 19.6% more than the state average of $1,100.

Can I afford Homer township?
To live comfortably in Homer township, Michigan, a minimum annual income of $27,360 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Homer township?
The cost of living in Homer Township is relatively low, making it an attractive and affordable place to live. The median home price in the area is around $144,400, which is significantly lower than the Michigan statewide average of $163,900. The median household income for Homer Township is also slightly lower than the state average at around $55,000 annually. Additionally, groceries, health care costs, and utilities are all slightly lower than the national averages. All of these factors make Homer Township a great option for those looking for an affordable place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHomer townshipMichiganUnited States
    Unlock91.5100.0
  91.6  Unlock100.0
    Unlock84.8100.0
  34.6  Unlock100.0
    Unlock$218,700$338,100
  99.3  Unlock100.0
    Unlock115.1100.0
  91.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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