Housing costs in Elwell?
A typical home costs
$158,200, which is 53.2% less expensive than the national average of
$338,100 and 27.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elwell costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 6.8% cheaper than the state average of
$1,100.
Can I afford Elwell?
To live comfortably in Elwell (zip 48832), Michigan, a minimum annual income of
$30,240 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Elwell?
The cost of living in 48832 Elwell, MI is quite affordable. According to BestPlaces.net, the cost of living in Elwell is 13% lower than the US average. Housing costs are very reasonable and account for just 24% of a resident's pre-tax income. Utilities costs are also relatively low with the average electricity bill amounting to just $102 per month. Other necessities such as groceries and healthcare are also slightly below the national average, making it a great place to call home for those on a budget.