Housing costs in Caledonia?
A typical home costs
$360,000, which is 6.5% more expensive than the national average of
$338,100 and 64.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Caledonia costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 26.7% more than the state average of
$1,100.
Can I afford Caledonia?
To live comfortably in Caledonia (zip 49316), Michigan, a minimum annual income of
$69,120 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Caledonia?
The cost of living in 49316 Caledonia, MI is relatively affordable. According to Best Places, the overall cost of living index for the area is 73.4, which is 27.7 points lower than the national average of 101.1. Housing costs in Caledonia are especially low compared to other areas; the median home value for this zip code is $157,400 and median rent is only $925 per month. There are also many amenities nearby for residents to enjoy, such as restaurants and grocery stores with reasonable prices. All these factors make 49316 Caledonia an ideal place to live if you are looking for an affordable cost of living.