Housing costs in Tawas City?
A typical home costs
$150,600, which is 55.5% less expensive than the national average of
$338,100 and 31.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Tawas City costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 42.9% cheaper than the state average of
$1,100.
Can I afford Tawas City?
To live comfortably in Tawas City, Michigan, a minimum annual income of
$28,800 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Tawas City?
The cost of living in Tawas City, MI is relatively low compared to many other cities. According to a study conducted by Sperling's Best Places, the cost of living index for Tawas City is an affordable 86.3, which is 14.7% lower than the national average. The median household income in Tawas City is $42,054, which is slightly lower than the national average of $55,322. Rent prices tend to be lower as well with the average one-bedroom apartment costing around $490 per month and two bedrooms usually ranging from $650 - $700. Groceries and dining are also reasonably priced with a meal for two people at an inexpensive restaurant running around $25 - $30 on average. All things considered, Tawas City offers its residents a reasonable cost of living that makes it an attractive place to live.