Housing costs in Bay City?
A typical home costs
$145,100, which is 57.1% less expensive than the national average of
$338,100 and 33.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bay City costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$1,100.
Can I afford Bay City?
To live comfortably in Bay City (zip 48706), Michigan, a minimum annual income of
$27,720 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Bay City?
The cost of living in 48706 Bay City, MI is relatively affordable compared to the national average. The median home value is $76,500, and the median rent is $582 per month. This makes Bay City an attractive option for people looking to find a place to live that won't break their budget. Overall, day-to-day expenses such as groceries and utilities are slightly lower than the United States average. Furthermore, there are many job opportunities available in the area due to the thriving automotive industry in Bay City, which serves as a draw for those seeking employment.