Housing costs in Raber?
A typical home costs
$148,400, which is 56.1% less expensive than the national average of
$338,100 and 32.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Raber costs
$890 per month, which is 37.8% more than the national average of
$1,430 and 23.6% more than the state average of
$1,100.
Can I afford Raber?
To live comfortably in Raber, Michigan, a minimum annual income of
$28,440 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Raber?
The cost of living in Raber, MI is quite reasonable compared to other cities. According to the most recent survey, it was found that the median household income in Raber is slightly above the national average. The housing costs are also lower than many surrounding areas with a median home value of $139,800. As for food and consumer goods, prices tend to be slightly higher than average but still reasonable. Overall, Raber offers an affordable lifestyle for those looking for a place to live with a low cost of living.