Housing costs in Muskegon?
A typical home costs
$203,900, which is 39.7% less expensive than the national average of
$338,100 and 6.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Muskegon 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 Muskegon?
To live comfortably in Muskegon Michi Metro Area, Michigan, a minimum annual income of
$39,240 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Muskegon?
The cost of living in Muskegon, MI Metro Area is significantly lower than the US average. According to data, the Cost of Living index for Muskegon is 83.8, which is much lower than the US average Cost of Living index of 100. This low cost of living accompanies an equally low median house value in the area; with the median house value being around $203,900 compared to the US average house value of $338,100. Consequently, those looking to purchase a home in this area can enjoy a more affordable price point and still maintain a high standard of living.