Zip 48831 (Elsie, MI) Cost of Living


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How much do I need to live in Elsie, Michigan?
$2,430 / month
for a family, 55.0% less expensive than the national average A total of $29,160 for the year for a family.
$2,400 / month
for a single person, 49.7% less expensive than the national average A total of $28,800 for the year for a single person.

Elsie cost of living score
92.5
Less expensive
7.5% lower
than the US average
1.1% higher
than the Michigan average
Elsie (zip 48831), Michigan gets a BestPlaces Cost of Living score of 92.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.5% lower than the U.S. average and 1.1% lower than the average for Michigan.

Zip 48831 (Elsie, MI)

Housing costs in Elsie?
A typical home costs $152,700, which is 54.8% less expensive than the national average of $338,100 and 30.2% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Elsie costs $880 per month, which is 38.5% cheaper than the national average of $1,430 and 25.0% cheaper than the state average of $1,100.

Can I afford Elsie?
To live comfortably in Elsie (zip 48831), Michigan, a minimum annual income of $29,160 for a family, and $28,800 for a single person is recommended.

What does A.I. say about Elsie?
The cost of living in 48831 Elsie, MI is quite affordable. Housing prices are among the lowest in the state, with the median home value being just over $100,000. Groceries and other necessities are priced at average levels for Michigan, as are utilities. Transportation costs are also quite low due to the close proximity of most locations to one another within this small town. With all these factors combined, life in 48831 Elsie can be quite affordable for those looking for a lower cost option.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesElsieMichiganUnited States
    Unlock91.5100.0
  92.0  Unlock100.0
    Unlock84.8100.0
  49.7  Unlock100.0
    Unlock$218,700$338,100
  99.8  Unlock100.0
    Unlock115.1100.0
  110.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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