Housing costs in Elberta?
A typical home costs
$222,400, which is 34.2% less expensive than the national average of
$338,100 and 1.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elberta costs
$990 per month, which is 10.0% cheaper than the national average of
$1,100 and 5.1% cheaper than the state average of
$1,040.
Can I afford Elberta?
To live comfortably in Elberta (zip 49628), Michigan, a minimum annual income of
$42,480 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Elberta?
The cost of living in 49628 Elberta, MI is relatively low and quite affordable for most people. The median home value in this area is around $146,600, lower than the national average. The overall cost of living index is reported to be 94.4, which means that it is 5.6% lower than the U.S. average. Furthermore, monthly utility bills such as electricity and water are significantly cheaper than many other areas in the country. All in all, given its affordable real estate prices and low cost of living index, 49628 Elberta, MI serves as an ideal place to live at a great price point!