Hope township (Midland County), MI Cost of Living


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Hope township (Midland County) cost of living score
85.7
Less expensive
14.3% lower
than the US average
6.3% lower
than the Michigan average
Hope township (Midland County), Michigan gets a BestPlaces Cost of Living score of 85.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.3% lower than the U.S. average and 6.3% higher than the average for Michigan.

Hope township (Midland County), MI

Housing costs in Hope township (Midland County)?
A typical home costs $218,700, which is 35.3% less expensive than the national average of $338,100 and 0.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Hope township (Midland County) costs $1,070 per month, which is 25.2% cheaper than the national average of $1,430 and 2.8% cheaper than the state average of $1,100.

Can I afford Hope township (Midland County)?
To live comfortably in Hope township (Midland County), Michigan, a minimum annual income of $41,760 for a family, and $32,800 for a single person is recommended.

What does A.I. say about Hope township (Midland County)?
Hope Township in Midland County, MI has an affordable cost of living compared to the country average. The overall cost of living index is 79, which is 21% lower than the national average. The median home price is $110,400, and the median household income is $59,845. Groceries are about 5% lower than the national average, and utilities are also 6% lower. Healthcare costs are right on par with the national average. Overall, Hope Township provides residents with a quality of life that's not only considerably more affordable than most other areas in Michigan but also cost effective when compared to the rest of the nation.
   Cost of living score
     CategoriesHope township (Midland County)MichiganUnited States
  85.791.5100.0
  91.493.4100
  92.184.8100.0
  46.871.2100.0
  $218,700$218,700$338,100
  102.7%100.1%100.0%
  105.8115.1100.0
  94.895.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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