Housing costs in Waterford?
A typical home costs
$212,600, which is 37.1% less expensive than the national average of
$338,100 and 2.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Waterford costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,100.
Can I afford Waterford?
To live comfortably in Waterford (zip 48328), Michigan, a minimum annual income of
$40,680 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Waterford?
The cost of living in 48328 Waterford, MI is relatively low compared to other areas of the country. The median household income for the area is around $45,000, and the median home value is about $100,000. Additionally, there are a variety of affordable housing options available at lower prices. Groceries and other everyday items are also relatively inexpensive, making it easy for families to get by. All in all, living in 48328 Waterford, MI can be quite affordable and comfortable for most people.