Housing costs in Skandia?
A typical home costs
$182,200, which is 46.1% less expensive than the national average of
$338,100 and 16.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Skandia costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 19.6% more than the state average of
$1,100.
Can I afford Skandia?
To live comfortably in Skandia, Michigan, a minimum annual income of
$34,920 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Skandia?
The cost of living in Skandia, MI is relatively affordable compared to many other areas. In fact, the cost of living index for the area is 8% lower than the national average. The median home value is around $150,000, and the median household income is just over $50,000 per year. Groceries and healthcare costs are also quite reasonable. Overall, Skandia offers an excellent quality of life at a very affordable cost.