Housing costs in Caro?
A typical home costs
$142,500, which is 57.9% less expensive than the national average of
$338,100 and 34.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Caro costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Caro?
To live comfortably in Caro (zip 48723), Michigan, a minimum annual income of
$27,360 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Caro?
The cost of living in Caro, MI is fairly affordable, making it a great place to live for those on a budget. According to the most recent data from Sperling’s Best Places, the cost of living in Caro is 6% lower than the United States average. The median home price here is $95,400, which is much lower than what you could find in many other places across the country. Utility costs are also relatively low and the overall tax burden for residents of Caro is relatively low as well. All of these factors make Caro an attractive place to live with a cost of living that won't break the bank.