Housing costs in Penn?
A typical home costs
$348,100, which is 3.0% more expensive than the national average of
$338,100 and 59.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Penn costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 19.6% more than the state average of
$1,100.
Can I afford Penn?
To live comfortably in Penn, Michigan, a minimum annual income of
$66,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Penn?
Living in Penn, MI can be quite affordable depending on an individual's lifestyle. For someone looking to rent a one-bedroom apartment, the median rental price is around $722 per month. The cost of groceries and other necessities, such as transportation, are relatively low when compared to other areas in Michigan and the rest of the country. Citizens of Penn also benefit from low local taxes that help keep overall costs down. Depending on where you live, there are also various discounts from local businesses to take advantage of. Overall, living in Penn can make it easy for individuals and families to stay within their budget and enjoy all that the city has to offer.