Housing costs in Midland?
A typical home costs
$200,900, which is 40.6% less expensive than the national average of
$338,100 and 8.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Midland costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,100.
Can I afford Midland?
To live comfortably in Midland, Michigan, a minimum annual income of
$38,520 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Midland?
Midland, MI is known for its cost of living which is much lower than the national average. The median home value in Midland averages around $118,000, which is significantly lower than the US median home value of around $200,000. Additionally, goods and services cost less in Midland than the US average. In fact, Midland’s cost-of-living index score is 85.3 as compared to the national average at 100. This means that everyday items are about 15% cheaper in Midland when compared to the rest of the nation. All in all, Midland offers an affordable place to live and work for those seeking a budget friendly location with ample opportunities for recreation and entertainment.