Housing costs in Niles?
A typical home costs
$226,000, which is 33.2% less expensive than the national average of
$338,100 and 3.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Niles costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 14.6% cheaper than the state average of
$1,100.
Can I afford Niles?
To live comfortably in Niles Michi Metro Area, Michigan, a minimum annual income of
$43,200 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Niles?
The cost of living in the Niles-Benton Harbor, MI Metro Area is quite low compared to the US average. According to a recent survey, the cost of living is 88.6, which is 11.4 points lower than the US average of 100. This lower cost of living makes housing in this area more affordable than most other parts of the country. The median value for a home in this region is $226,000, which is considerably lower than the US average of $338,100. This makes it possible for many people to purchase homes at prices that are more accessible and within their budget.