Housing costs in Prescott?
A typical home costs
$72,500, which is 78.6% less expensive than the national average of
$338,100 and 66.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Prescott costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 44.7% cheaper than the state average of
$1,100.
Can I afford Prescott?
To live comfortably in Prescott, Michigan, a minimum annual income of
$14,040 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Prescott?
Prescott, MI is an affordable city to live in with a cost of living index of around 82.7, which is lower than the U.S. average of 100. Housing costs in Prescott are much less expensive than most cities in the country, with a median home value of around $84,000. Transportation costs are also low due to the city’s central location and nearby highways and public transportation systems. Groceries are relatively inexpensive, and utilities tend to stay at an average rate compared to other parts of the country. All-in-all, Prescott is a great place for those looking for an affordable place to live!