Housing costs in Madison charter?
A typical home costs
$190,300, which is 43.7% less expensive than the national average of
$338,100 and 13.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Madison charter costs
$910 per month, which is 36.4% more than the national average of
$1,430 and 20.9% more than the state average of
$1,100.
Can I afford Madison charter?
To live comfortably in Madison charter, Michigan, a minimum annual income of
$36,360 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Madison charter?
The cost of living in Madison Charter Township, MI is slightly higher than the average in Michigan, but still relatively affordable. The median home value is around $175,000 which is lower than the US average, and rent prices range from about $700 to $1000 a month depending on the size of the property. Groceries and other everyday items remain fairly consistent with other parts of Michigan, while utilities such as electricity and internet are slightly more expensive. Despite being slightly higher than the average, overall Madison Charter Township still offers a reasonably priced cost of living when compared to the rest of Michigan and many other parts of the country.