Housing costs in Buchanan?
A typical home costs
$186,000, which is 45.0% less expensive than the national average of
$338,100 and 15.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Buchanan costs
$870 per month, which is 20.9% cheaper than the national average of
$1,100 and 10.3% cheaper than the state average of
$960.
Can I afford Buchanan?
To live comfortably in Buchanan (zip 49107), Michigan, a minimum annual income of
$35,640 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Buchanan?
The cost of living in 49107 Buchanan, MI is relatively low compared to other areas in the state. The median home value for the zip code is around $144,000, making it an affordable option for first time home buyers. The median monthly rent is slightly below the national average at around $728 a month. Groceries and other goods are also quite affordable, with a variety of stores and restaurants conveniently located nearby. Overall, living in 49107 Buchanan, MI is not only convenient but also budget-friendly.