Housing costs in Turin?
A typical home costs
$118,500, which is 65.0% less expensive than the national average of
$338,100 and 45.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Turin costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 32.5% more than the state average of
$1,100.
Can I afford Turin?
To live comfortably in Turin, Michigan, a minimum annual income of
$22,680 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Turin?
The cost of living in Turin, MI is relatively affordable compared to other cities in the United States. According to BestPlaces, the overall cost of living index is 91.4, which is 9.6% lower than the national average. When it comes to housing, the median home cost is $70,400 and the average rent for a one bedroom apartment is approximately $452 per month. The city also has a low unemployment rate of 3.7% and a low crime rate that contributes to its affordability. Additionally, Michigan's income tax rate of 4.25%, makes it one of the most tax-friendly states in the country—allowing residents to keep more of their paycheck each month.