Housing costs in Hopkins township?
A typical home costs
$316,700, which is 6.3% less expensive than the national average of
$338,100 and 44.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hopkins township costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 13.4% more than the state average of
$1,100.
Can I afford Hopkins township?
To live comfortably in Hopkins township, Michigan, a minimum annual income of
$60,840 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hopkins township?
The cost of living in Hopkins Township, MI is relatively moderate, with the average cost of housing being 7% lower than the national average. The median home value for residents in this area is $156,700 and the median household income is $45,333. Groceries and healthcare costs are slightly above average when compared to other states. Transportation expenses are also on the higher end due to the lack of public transportation options in the area. Overall, Hopkins Township offers its residents a modest standard of living due to its low housing costs and reasonable living expenses.