Housing costs in Riga?
A typical home costs
$211,800, which is 37.4% less expensive than the national average of
$338,100 and 3.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Riga costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 9.1% more than the state average of
$1,100.
Can I afford Riga?
To live comfortably in Riga, Michigan, a minimum annual income of
$40,680 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Riga?
The cost of living in Riga, MI is relatively low compared to other cities in Michigan and the United States as a whole. According to BestPlaces, the overall cost of living index for Riga is 75.45 which is significantly lower than the US average of 100. Housing costs are especially low with an average monthly rent for a one-bedroom apartment costing around $490. Prices for food and groceries are also fairly inexpensive when compared to other Michigan cities. For example, a combo meal at a fast food restaurant typically costs around $7 while a dozen eggs will set you back about $2.50. With its low prices and convenient location near many attractions, Riga is an ideal place to call home!