Housing costs in Elsie?
A typical home costs
$152,700, which is 54.8% less expensive than the national average of
$338,100 and 30.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elsie costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$1,100.
Can I afford Elsie?
To live comfortably in Elsie (zip 48831), Michigan, a minimum annual income of
$29,160 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Elsie?
The cost of living in 48831 Elsie, MI is quite affordable. Housing prices are among the lowest in the state, with the median home value being just over $100,000. Groceries and other necessities are priced at average levels for Michigan, as are utilities. Transportation costs are also quite low due to the close proximity of most locations to one another within this small town. With all these factors combined, life in 48831 Elsie can be quite affordable for those looking for a lower cost option.