Housing costs in Imlay City?
A typical home costs
$231,300, which is 31.6% less expensive than the national average of
$338,100 and 5.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Imlay City costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,100.
Can I afford Imlay City?
To live comfortably in Imlay City, Michigan, a minimum annual income of
$44,280 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Imlay City?
The cost of living in Imlay City, MI is quite affordable compared to other parts of the state. The median home price is around $132,000, which makes it a great place for first-time home buyers. Renters can find plenty of options as well, with an average monthly rent of $650. Utilities are also quite reasonable, with electricity costing an average of just $100 per month. Groceries and other necessities are reasonably priced as well. All told, Imlay City's cost of living is very friendly to those seeking a place to call home on a budget.