Housing costs in Kalamazoo?
A typical home costs
$137,400, which is 59.4% less expensive than the national average of
$338,100 and 37.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Kalamazoo costs
$1,010 per month, which is 8.2% cheaper than the national average of
$1,100 and 4.0% cheaper than the state average of
$1,050.
Can I afford Kalamazoo?
To live comfortably in Kalamazoo (zip 49001), Michigan, a minimum annual income of
$26,280 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Kalamazoo?
The cost of living in 49001 Kalamazoo, MI is relatively low compared to other areas of the country. The median home value is $94,400, which is much lower than the national median home value of $212,500. The median household income is also lower than the national median household income of $60,293 at just under $51,000. Grocery costs are also slightly below average for Michigan at 12% lower than the state average. Property taxes in Kalamazoo are also less expensive than other parts of Michigan with a total effective tax rate of 1.38%, which is nearly half of what some other cities in Michigan have to pay. All these factors add up to an overall low cost of living that makes Kalamazoo a great place to call home!