Housing costs in Wakefield?
A typical home costs
$77,200, which is 77.2% less expensive than the national average of
$338,100 and 64.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wakefield 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 Wakefield?
To live comfortably in Wakefield, Michigan, a minimum annual income of
$14,760 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Wakefield?
The cost of living in Wakefield, MI is quite reasonable compared to other cities. Housing costs are low, with the median home value being around $100,000. The cost of food and transportation is also relatively low. Taxes are slightly higher than the national average but still remain well below that of many other states. Overall, Wakefield is a relatively affordable place to live for those looking for an inexpensive small town lifestyle.