Stephenson township, MI Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Stephenson township cost of living score
79.9
Less expensive
20.1% lower
than the US average
12.7% lower
than the Michigan average
Stephenson township, Michigan gets a BestPlaces Cost of Living score of 79.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.1% lower than the U.S. average and 12.7% higher than the average for Michigan.

Stephenson township, MI

Housing costs in Stephenson township?
A typical home costs $192,500, which is 43.1% less expensive than the national average of $338,100 and 12.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Stephenson township costs $850 per month, which is 40.6% more than the national average of $1,430 and 29.4% more than the state average of $1,100.

Can I afford Stephenson township?
To live comfortably in Stephenson township, Michigan, a minimum annual income of $36,720 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Stephenson township?
The cost of living in Stephenson Township, MI is relatively low compared to the national average. In fact, it is 3% below the United States average. The median household income is $44,156 and the median home value is $121,400 which are both lower than their respective national averages. Residents can take advantage of discounts on groceries, gas, entertainment and other services offered by area businesses. Additionally, property taxes are low and residents can find affordable housing in the area. All of these factors make it easy for those who wish to live in Stephenson Township to maintain a comfortable lifestyle without breaking their budget.
   Cost of living score
     CategoriesStephenson townshipMichiganUnited States
  79.991.5100.0
  90.993.4100
  121.984.8100.0
  56.671.2100.0
  $192,500$218,700$338,100
  112.9%100.1%100.0%
  87.6115.1100.0
  78.395.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Stephenson township, MI cost of living
Compare food, housing, utilities, and more in Stephenson township, Michigan to any other city in the US.