Housing costs in Pellston?
A typical home costs
$156,600, which is 53.7% less expensive than the national average of
$338,100 and 28.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Pellston costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 12.2% cheaper than the state average of
$1,100.
Can I afford Pellston?
To live comfortably in Pellston, Michigan, a minimum annual income of
$29,880 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Pellston?
The cost of living in Pellston, MI is generally lower than the national average. According to Best Places, the overall cost of living index is 84.8 compared to the national average of 100. Housing prices are particularly favorable, with a median home value of $110,700 and a median monthly rent of $761. In terms of food costs, groceries are about 11% lower than the US average and dining out is approximately 21% cheaper. Transportation expenses are also fairly low in comparison to other cities, with gas prices around 28% lower than the nation's average. All in all, Pellston is an affordable place to live and has a variety of cost-saving benefits for those who decide to call it home.