Housing costs in Dollar Bay?
A typical home costs
$131,600, which is 61.1% less expensive than the national average of
$338,100 and 39.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Dollar Bay 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 Dollar Bay?
To live comfortably in Dollar Bay (zip 49922), Michigan, a minimum annual income of
$25,200 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Dollar Bay?
The cost of living in Dollar Bay, MI is relatively low compared to many other cities across the United States. According to the most recent figures, the median household income is $44,117 and the median home value is $92,400. The unemployment rate is also low at 3.4%. In terms of housing costs, renters pay an average of $650 per month while homeowners typically pay around $1,100 per month for their mortgage payments. Additionally, utilities are affordable and food prices are generally lower than the national average. All of these factors make Dollar Bay a great option for those looking for a cost-effective place to live.