Housing costs in Cadillac?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 20.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Cadillac costs
$870 per month, which is 20.9% cheaper than the national average of
$1,100 and close to the state average of
$860.
Can I afford Cadillac?
To live comfortably in Cadillac (zip 49601), Michigan, a minimum annual income of
$33,120 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Cadillac?
The cost of living in 49601 Cadillac, MI is generally considered to be quite affordable compared to other cities and states. According to BestPlaces, the overall cost of living index in 49601 is about 89.8, meaning that it is 11.2% cheaper than the national average. Additionally the average rental price for a one bedroom apartment in Cadillac is only $522 per month, making it much more affordable than other cities with similar amenities. The cost of groceries and dining out are also quite affordable in Cadillac, making it an ideal place to live on a budget.