Housing costs in Litchfield?
A typical home costs
$166,700, which is 50.7% less expensive than the national average of
$338,100 and 23.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Litchfield costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 20.9% cheaper than the state average of
$1,100.
Can I afford Litchfield?
To live comfortably in Litchfield, Michigan, a minimum annual income of
$32,040 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Litchfield?
Litchfield, MI is an affordable place to live with a cost of living that is below the national average. The median home cost in Litchfield is $148,700 which is significantly lower than the national median home price of $219,700. Likewise, the median monthly rent for a two-bedroom apartment in Litchfield is $725 compared to the U.S. average of $1,046. Grocery prices are also competitively priced at 11% below the national average. Sales and property taxes are slightly higher than the national average but still within a reasonable range. Overall, Litchfield is an economical and desirable choice for anyone looking for an affordable place to live.