Housing costs in Alpena?
A typical home costs
$140,700, which is 58.4% less expensive than the national average of
$338,100 and 35.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Alpena 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 Alpena?
To live comfortably in Alpena (zip 49707), Michigan, a minimum annual income of
$27,000 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Alpena?
The cost of living in 49707 Alpena, MI is quite affordable. The median housing costs in the area are around $110,000, which is significantly lower than the national average. Utilities costs in the area are also quite low. Groceries and other miscellaneous expenses come in at slightly higher than the national average but certainly still within a reasonable budget for most households. On the whole, Alpena offers great value when it comes to the cost of living and is an ideal place for those looking to stretch their dollar further.