Housing costs in Northfield?
A typical home costs
$299,800, which is 11.3% less expensive than the national average of
$338,100 and 37.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Northfield costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and 15.4% more than the state average of
$1,100.
Can I afford Northfield?
To live comfortably in Northfield, Michigan, a minimum annual income of
$57,600 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Northfield?
The cost of living in Northfield, MI is quite reasonable. The estimated cost of living index for the city is 85.8, which falls below the national average of 100. Basic necessities such as groceries, housing costs, health care and transportation are all far below the national averages. The median home value in Northfield is $235,000 and the median household income is just over $63,000. This makes it a great place to live for those who want to enjoy a comfortable lifestyle without breaking the bank. Additionally, there are many job opportunities in the city with an unemployment rate of only 4%. All these factors make Northfield a great choice for those looking for a safe and affordable place to live.