Housing costs in Shepherd?
A typical home costs
$171,500, which is 49.3% less expensive than the national average of
$338,100 and 21.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Shepherd costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Shepherd?
To live comfortably in Shepherd, Michigan, a minimum annual income of
$32,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Shepherd?
Shepherd, MI is a great place to live with a relatively low cost of living compared to other cities in Michigan. The average cost for housing is about $971 a month, much lower than the statewide average of $1,258. Basic necessities such as groceries and transportation are also reasonably priced with an index of 97.7 and 100.2 respectively. This makes it easy to budget for expenses while still living comfortably. Many people enjoy the small-town feel of Shepherd while still having access to big city amenities nearby.