Housing costs in Petersburg?
A typical home costs
$234,700, which is 30.6% less expensive than the national average of
$338,100 and 7.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Petersburg costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 3.8% cheaper than the state average of
$1,100.
Can I afford Petersburg?
To live comfortably in Petersburg, Michigan, a minimum annual income of
$45,000 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Petersburg?
The cost of living in Petersburg, MI is quite reasonable compared to other nearby cities. The median home price in the city is around $125,000, making it an affordable housing option for those looking to relocate. Additionally, the average monthly utility costs for a two-bedroom apartment are below the national average at $83 per month. Grocery and dining out costs are also lower than many similar areas, with an index of 89.5, according to Sperling's Best Places. Overall, Petersburg provides a great balance between cost and quality of life.