Housing costs in Southfield?
A typical home costs
$200,900, which is 40.6% less expensive than the national average of
$338,100 and 8.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Southfield costs
$1,550 per month, which is 40.9% more than the national average of
$1,100 and 21.3% more than the state average of
$1,220.
Can I afford Southfield?
To live comfortably in Southfield (zip 48033), Michigan, a minimum annual income of
$38,520 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Southfield?
The cost of living in 48033 Southfield, MI is relatively high compared to other cities. The overall cost of living index is approximately 24% higher than the US average, with housing being the biggest factor driving this increase. The median home price for a single family residence is $194,000 which is significantly higher than the national average. Additionally, while food and transportation costs are close to the national average, utilities are considerably more expensive in Southfield. All in all, living in Southfield carries a hefty price tag that many may not be prepared for.