Housing costs in Melvindale?
A typical home costs
$113,300, which is 66.5% less expensive than the national average of
$338,100 and 48.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Melvindale costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,100.
Can I afford Melvindale?
To live comfortably in Melvindale, Michigan, a minimum annual income of
$21,600 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Melvindale?
The cost of living in Melvindale, MI is relatively affordable compared to other parts of Michigan and the United States as a whole. According to the Best Places Cost of Living Index, Melvindale’s cost of living is 3% lower than the national average. Housing costs are particularly low due to the large amount of available rental apartments and homes, with median rents for two-bedroom apartments ranging from around $800-$900 per month. Transportation costs also remain below average in Melvindale thanks to its convenient location close to the Detroit metropolitan area. Food prices remain slightly higher than average due to the area’s proximity to Detroit, however overall, the cost of living in Melvindale remains lower than many other areas in Michigan and across the country.