Housing costs in Westwood?
A typical home costs
$174,000, which is 48.5% less expensive than the national average of
$338,100 and 20.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Westwood costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 11.1% cheaper than the state average of
$1,100.
Can I afford Westwood?
To live comfortably in Westwood, Michigan, a minimum annual income of
$33,480 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Westwood?
Westwood, MI offers a relatively affordable cost of living. The overall cost of living index is 11 points lower than the national average, making it one of the more affordable places to live in the United States. Residents can find housing for well below the state median, with apartments and homes typically costing less than what is found in larger cities in Michigan. Additionally, the local economy has been able to maintain low taxation rates even though home values have remained stable over time. Residents can also benefit from numerous local amenities, from access to quality healthcare to nearby recreation options for families.