Housing costs in Grand Traverse?
A typical home costs
$343,200, which is 1.5% more expensive than the national average of
$338,100 and 56.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Traverse costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Grand Traverse?
To live comfortably in Grand Traverse Michi County, Michigan, a minimum annual income of
$65,880 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Grand Traverse?
The cost of living in Grand Traverse, MI County is slightly lower than the US average. The median house value in this county is $343,200, which is slightly higher than the US average of $338,100. The cost of living index for Grand Traverse County is 95.8 compared to the US average of 100. This indicates that overall prices for goods and services are about 5% lower than the national average in this area. In comparison to other areas with a similar level of housing costs, it can be a great place to live with reasonable cost of living expenses and still enjoy many amenities.