Montrose charter, MI Cost of Living


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How much do I need to live in Montrose charter, Michigan?
$2,820 / month
for a family, 47.8% less expensive than the national average A total of $33,840 for the year for a family.
$2,367 / month
for a single person, 50.3% less expensive than the national average A total of $28,400 for the year for a single person.

Montrose charter cost of living score
85.1
Less expensive
14.9% lower
than the US average
7.0% lower
than the Michigan average
Montrose charter, Michigan gets a BestPlaces Cost of Living score of 85.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.9% lower than the U.S. average and 7.0% higher than the average for Michigan.

Montrose charter, MI

Housing costs in Montrose charter?
A typical home costs $176,100, which is 47.9% less expensive than the national average of $338,100 and 19.5% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Montrose charter costs $900 per month, which is 37.1% more than the national average of $1,430 and 22.2% more than the state average of $1,100.

Can I afford Montrose charter?
To live comfortably in Montrose charter, Michigan, a minimum annual income of $33,840 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Montrose charter?
equestId:a16b02d1-8282-4b25-8674-415c0e18bbac,resource:content,data:[{id:txt_374cd35c83e14d26866459b575a316ee,text:\nMontrose Charter Township, MI is a great place to live and work due to its low cost of living. The median home value is $127,800 which is significantly lower than the national average of $229,700. The median household income for the area is $58,571 which is slightly higher than the national average of $57,652. In terms of taxes, the property tax rate in Montrose Charter Township is 6.02%, while the Michigan state income tax rate is 4.25%. The overall cost of living in Montrose Charter Township is nearly 20% below the national average. This makes it an attractive option for those looking for an affordable place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMontrose charterMichiganUnited States
    Unlock91.5100.0
  92.3  Unlock100.0
    Unlock84.8100.0
  46.8  Unlock100.0
    Unlock$218,700$338,100
  100.8  Unlock100.0
    Unlock115.1100.0
  101.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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