Stony Point, MI Cost of Living


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How much do I need to live in Stony Point, Michigan?
$3,060 / month
for a family, 43.3% less expensive than the national average A total of $36,720 for the year for a family.
$3,200 / month
for a single person, 32.9% less expensive than the national average A total of $38,400 for the year for a single person.

Stony Point cost of living score
91.5
Less expensive
8.5% lower
than the US average
0.0% lower
than the Michigan average
Stony Point, Michigan gets a BestPlaces Cost of Living score of 91.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.5% lower than the U.S. average and 0.0% lower than the average for Michigan.

Stony Point, MI

Housing costs in Stony Point?
A typical home costs $191,200, which is 43.4% less expensive than the national average of $338,100 and 12.6% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Stony Point costs $1,250 per month, which is 12.6% cheaper than the national average of $1,430 and 12.0% more than the state average of $1,100.

Can I afford Stony Point?
To live comfortably in Stony Point, Michigan, a minimum annual income of $36,720 for a family, and $38,400 for a single person is recommended.

What does A.I. say about Stony Point?
Stony Point, MI is an affordable place to live with a cost of living that is significantly lower than the national average. According to the BestPlaces Bureau, the median home value in Stony Point is $103,100, which is about 37% lower than the national median home value of $184,700. Additionally, housing costs in Stony Point are roughly 20% lower than the national average and utilities cost about 9% lower on average. This makes Stony Point an ideal location for those looking for a more affordable place to live without sacrificing quality or amenities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesStony PointMichiganUnited States
    Unlock91.5100.0
  95.4  Unlock100.0
    Unlock84.8100.0
  50.5  Unlock100.0
    Unlock$218,700$338,100
  102.1  Unlock100.0
    Unlock115.1100.0
  96.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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