Housing costs in Bay City?
A typical home costs
$148,100, which is 56.2% less expensive than the national average of
$338,100 and 32.3% 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 48710), Michigan, a minimum annual income of
$28,440 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 48710 Bay City, MI is relatively affordable compared to many other cities and towns in the United States. According to the Cost of Living Calculator, the overall cost of living index for Bay City is 82.6, compared to the national average of 100. Housing expenses account for a large portion of expenses, with an index score of 62.2 and a median rent price of $708 per month. Utilities are slightly higher than the national average, at 102.2, while groceries come in slightly lower than average at 97.7. Overall, Bay City is a favorable place to live with an affordable cost of living that is often much lower than similar towns and cities throughout the country.