Housing costs in Rockwood?
A typical home costs
$186,900, which is 44.7% less expensive than the national average of
$338,100 and 14.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rockwood costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Rockwood?
To live comfortably in Rockwood, Michigan, a minimum annual income of
$35,640 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Rockwood?
The cost of living in Rockwood, MI is very reasonable. The average rent for a one-bedroom apartment is around $700 a month, and the median household income is roughly $50,000 annually. Groceries and other necessities are also affordable, with an average price to buy groceries being around 10% lower than the national average. Utility costs are relatively low too, as Michigan has some of the lowest electricity rates in the Midwest. On top of all this, Rockwood offers many tax breaks to residents as well as businesses which helps keep the cost of living down for everyone.