Housing costs in Fraser?
A typical home costs
$202,300, which is 40.2% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Fraser costs
$1,020 per month, which is 7.3% cheaper than the national average of
$1,100 and 19.6% cheaper than the state average of
$1,220.
Can I afford Fraser?
To live comfortably in Fraser (zip 48026), Michigan, a minimum annual income of
$38,880 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Fraser?
Living in 48026 Fraser, MI is relatively affordable. According to BestPlaces, the overall cost of living index is about 16.54% lower than the national average. This means that residents can enjoy a higher quality of life than many other parts of the country while still paying fairly reasonable prices for essentials such as food and housing. While rent prices are slightly above the national average, homeownership costs are much lower due to the abundance of available land in the area. Additionally, goods and services tend to be cheaper than in many other parts of Michigan which helps keep overall costs low. All in all, with its low cost of living index, 48026 Fraser offers excellent value for those looking for an affordable place to call home.