Housing costs in Rochester Hills?
A typical home costs
$363,300, which is 7.5% more expensive than the national average of
$338,100 and 66.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rochester Hills costs
$1,570 per month, which is 42.7% more than the national average of
$1,100 and 22.3% more than the state average of
$1,220.
Can I afford Rochester Hills?
To live comfortably in Rochester Hills (zip 48307), Michigan, a minimum annual income of
$69,480 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Rochester Hills?
The cost of living in the Rochester Hills, MI zip code 48307 is quite high. The overall index for the area is 132.3, which is 32.3% higher than the national average. This means that housing costs are particularly expensive and residents must pay more to purchase basic necessities such as food, transportation, healthcare, and other goods and services. Additionally, taxes are relatively high compared to other areas in the state and country, making it difficult for residents to save money or buy luxuries. Despite its high cost of living, Rochester Hills is an attractive place to live due to its excellent school district and its close proximity to Detroit's many attractions.