Housing costs in Southfield township?
A typical home costs
$538,000, which is 59.1% more expensive than the national average of
$338,100 and 146.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Southfield township costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 36.8% more than the state average of
$1,100.
Can I afford Southfield township?
To live comfortably in Southfield township, Michigan, a minimum annual income of
$102,960 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Southfield township?
The cost of living in Southfield Township, MI is slightly higher than the national average. The median home cost is $269,000 compared to the US median of $231,200. Renters will pay an average of $1,100 per month for a one bedroom apartment which is more expensive than most other areas of Michigan. Local taxes and utility costs are also higher than the national average and can add quite a bit to living expenses. However, there are many affordable options in the area for those seeking a lower cost of living.