Housing costs in Houghton?
A typical home costs
$127,700, which is 62.2% less expensive than the national average of
$338,100 and 41.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Houghton costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,100.
Can I afford Houghton?
To live comfortably in Houghton Michi Metro Area, Michigan, a minimum annual income of
$24,480 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Houghton?
The cost of living in Houghton, MI Metro Area is 81, which is lower than the US average of 100. This means that for an equivalent standard of living, it would be cheaper to live in Houghton than the average American city. The median house value in Houghton is $127,700, which is significantly lower than the US median house value of $338,100. This indicates that housing prices are more affordable in this area compared to other parts of the country.