Housing costs in New Troy?
A typical home costs
$180,500, which is 46.6% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Troy costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$1,100.
Can I afford New Troy?
To live comfortably in New Troy, Michigan, a minimum annual income of
$34,560 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about New Troy?
New Troy, MI is a great place to live with affordable housing costs and a low cost of living. The median home value in New Troy is around $193,000, which is lower than the national average. According to BestPlaces, the cost of living index in New Troy is 89.2, which is lower than the US average of 100. This makes it cheaper to buy basic necessities such as groceries and healthcare services when compared to other parts of the country. Additionally, the average monthly utility bill for basic services such as electricity and water are also relatively low compared to other places in the United States. All these factors make New Troy an attractive place to live for anyone looking for an affordable cost of living without sacrificing quality of life.