Wayland township, MI Cost of Living


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How much do I need to live in Wayland township, Michigan?
$6,450 / month
for a family, 19.4% more expensive than the national average A total of $77,400 for the year for a family.
$2,667 / month
for a single person, 44.1% less expensive than the national average A total of $32,000 for the year for a single person.

Wayland township cost of living score
93.1
Less expensive
6.9% lower
than the US average
1.7% higher
than the Michigan average
Wayland township, Michigan gets a BestPlaces Cost of Living score of 93.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.9% lower than the U.S. average and 1.7% lower than the average for Michigan.

Wayland township, MI

Housing costs in Wayland township?
A typical home costs $403,600, which is 19.4% more expensive than the national average of $338,100 and 84.5% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Wayland township costs $1,060 per month, which is 25.9% cheaper than the national average of $1,430 and 3.8% cheaper than the state average of $1,100.

Can I afford Wayland township?
To live comfortably in Wayland township, Michigan, a minimum annual income of $77,400 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Wayland township?
The cost of living in Wayland Township, MI is quite reasonable compared to other areas of the country. The average home price in Wayland township is around $200,000, which is lower than the national median home price of around $240,000. Furthermore, the unemployment rate in Wayland Township is very low at just 2%, making it an ideal place to live for those seeking employment. Finally, the overall cost of living in this area is a bit lower than the national average making it an attractive destination for new homeowners and those looking to relocate.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWayland townshipMichiganUnited States
    Unlock91.5100.0
  95.9  Unlock100.0
    Unlock84.8100.0
  79.3  Unlock100.0
    Unlock$218,700$338,100
  100.5  Unlock100.0
    Unlock115.1100.0
  90.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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