Housing costs in Canton?
A typical home costs
$326,100, which is 3.5% less expensive than the national average of
$338,100 and 49.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Canton costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 20.9% more than the state average of
$1,100.
Can I afford Canton?
To live comfortably in Canton (zip 48187), Michigan, a minimum annual income of
$62,640 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Canton?
The cost of living in 48187 Canton, MI is quite reasonable compared to many other areas. Housing prices are relatively stable and affordable, with the median home value for 48187 being just over $257,000. The average cost of utilities in the area is also lower than many other parts of the US. The local sales tax rate for Canton is 6%, which is on par with the national average. Additionally, transportation costs are generally lower than most major metropolitan areas due to its proximity to Detroit and other nearby cities. All in all, with its reasonable housing prices and moderate taxation rates, 48187 Canton, MI is a great place to live if you're looking for an affordable and comfortable cost of living.