Housing costs in Schoolcraft?
A typical home costs
$278,500, which is 17.6% less expensive than the national average of
$338,100 and 27.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Schoolcraft costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$1,100.
Can I afford Schoolcraft?
To live comfortably in Schoolcraft, Michigan, a minimum annual income of
$53,280 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Schoolcraft?
Schoolcraft, MI is a relatively affordable place to live. The cost of living index is estimated at 78%, which is much lower than the U.S. average of 100%. This means that essential items and services such as food, transportation, and housing will be cheaper in Schoolcraft than in other parts of the country. Groceries, in particular, are very reasonably priced — with an average grocery bill of around $35 per person per week. Housing costs are also very competitive — with the median price for a home being around $128,000 as of 2019. All-in-all, Schoolcraft is an attractive option for those looking for a budget-friendly place to live.