Housing costs in Valley?
A typical home costs
$244,700, which is 27.6% less expensive than the national average of
$338,100 and 11.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Valley costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 13.4% more than the state average of
$1,100.
Can I afford Valley?
To live comfortably in Valley, Michigan, a minimum annual income of
$46,800 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Valley?
The cost of living in Valley, MI is quite reasonable compared to other cities in the state. The median home price in Valley is around $148,000, which makes it a great option for those looking to purchase their first home. Utilities are also quite affordable; energy and water bills typically range between $100-150 per month. In addition, monthly rent for a two-bedroom apartment averages at around $900, making renting an attractive option as well. The cost of food and groceries tends to be lower than the national average due to its close proximity to farms and agricultural areas. All in all, living in Valley can be done comfortably on a budget without sacrificing on lifestyle or amenities.