Housing costs in Michiana?
A typical home costs
$694,600, which is 105.4% more expensive than the national average of
$338,100 and 217.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Michiana costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Michiana?
To live comfortably in Michiana, Michigan, a minimum annual income of
$133,200 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Michiana?
Michiana, MI is known for its low cost of living. Home prices are well below the national average, and groceries, gasoline, and utilities are all much more affordable than in most other parts of the country. With a median home price of just over $100,000 and a median household income of $55,000 per year, Michiana has one of the lowest cost-of-living ratios in Michigan. Additionally, there are many tax credits that make living in Michiana even more affordable. All in all, Michiana provides an excellent quality of life at a very reasonable cost.