Housing costs in New Hudson?
A typical home costs
$392,700, which is 16.1% more expensive than the national average of
$338,100 and 79.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Hudson costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 28.1% more than the state average of
$1,100.
Can I afford New Hudson?
To live comfortably in New Hudson (zip 48165), Michigan, a minimum annual income of
$75,240 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about New Hudson?
The cost of living in 48165 New Hudson, MI is relatively affordable compared to other nearby areas. According to BestPlaces, the overall cost of living index in New Hudson is 86 out of 100, which is 10 points below the national average. This makes it an ideal place for people looking for affordable housing options and good value for their money. Prices for goods and services are generally low, making it easy to stretch a budget and get more bang for your buck. The median home price in New Hudson is $268,000, which is lower than most surrounding areas. Additionally, the average rent prices are quite reasonable at just under $1,200 per month. All these factors make 48165 a great place to live for those looking to save money while still enjoying the amenities of a suburban area.