Skandia, MI Cost of Living


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How much do I need to live in Skandia, Michigan?
$2,910 / month
for a family, 46.1% less expensive than the national average A total of $34,920 for the year for a family.
$2,467 / month
for a single person, 48.2% less expensive than the national average A total of $29,600 for the year for a single person.

Skandia cost of living score
85.9
Less expensive
14.1% lower
than the US average
6.1% lower
than the Michigan average
Skandia, Michigan gets a BestPlaces Cost of Living score of 85.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.1% lower than the U.S. average and 6.1% higher than the average for Michigan.

Skandia, MI

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSkandiaMichiganUnited States
    Unlock91.5100.0
  92.3  Unlock100.0
    Unlock84.8100.0
  55.5  Unlock100.0
    Unlock$218,700$338,100
  115.7  Unlock100.0
    Unlock115.1100.0
  105.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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