Housing costs in Alma?
A typical home costs
$122,800, which is 63.7% less expensive than the national average of
$338,100 and 43.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Alma costs
$850 per month, which is 22.7% cheaper than the national average of
$1,100 and 2.4% more than the state average of
$830.
Can I afford Alma?
To live comfortably in Alma (zip 48801), Michigan, a minimum annual income of
$23,400 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Alma?
The cost of living in 48801 Alma, MI is relatively low compared to other cities in the United States. The median property value is just over $100,000 with housing costs making up only about 20% of the median income. The cost of utilities is also low with an average monthly bill of under $100 for a family of four. Additionally, transportation costs are kept low due to the fact that most destinations are within a short drive. There are also multiple grocery stores located within 10 miles and the overall tax burden on residents is fairly light. All this combined helps keep the cost of living in 48801 Alma, MI relatively affordable when compared to other parts of the country.