Reading township, MI Cost of Living


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Reading township cost of living score
80.1
Less expensive
19.9% lower
than the US average
12.5% lower
than the Michigan average
Reading township, Michigan gets a BestPlaces Cost of Living score of 80.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.9% lower than the U.S. average and 12.5% higher than the average for Michigan.

Reading township, MI

Housing costs in Reading township?
A typical home costs $220,200, which is 34.9% less expensive than the national average of $338,100 and 0.7% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Reading township costs $800 per month, which is 44.1% more than the national average of $1,430 and 37.5% more than the state average of $1,100.

Can I afford Reading township?
To live comfortably in Reading township, Michigan, a minimum annual income of $42,120 for a family, and $24,400 for a single person is recommended.

What does A.I. say about Reading township?
The cost of living in Reading Township, MI is relatively low compared to other areas. The median home value is $125,000, significantly lower than the national average of $217,000. The median rent price in Reading Township is also below the national average and currently sits at $671 per month. In addition, the overall cost of groceries and goods are below the national average as well. All these factors contribute to a low cost of living for residents of Reading Township.
   Cost of living score
     CategoriesReading townshipMichiganUnited States
  80.191.5100.0
  92.293.4100
  91.184.8100.0
  39.571.2100.0
  $220,200$218,700$338,100
  101.5%100.1%100.0%
  90.4115.1100.0
  76.295.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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