Housing costs in Gibraltar?
A typical home costs
$235,900, which is 30.2% less expensive than the national average of
$338,100 and 7.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Gibraltar costs
$1,130 per month, which is 2.7% more than the national average of
$1,100 and 8.0% cheaper than the state average of
$1,220.
Can I afford Gibraltar?
To live comfortably in Gibraltar (zip 48173), Michigan, a minimum annual income of
$45,360 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Gibraltar?
Living in 48173 Gibraltar, MI can be quite expensive. Housing costs are above the national average, with median home prices around $213,000. The cost of food and groceries is also higher than the national average, making it difficult for those on a limited budget to make ends meet. Transportation costs are typically lower in this area due to its close proximity to Detroit and other nearby cities; however, gas prices tend to be slightly higher than the average U.S. rate. General sales tax in Michigan is 6%, which is higher than some other states in the region. Overall, the cost of living in 48173 Gibraltar, MI is higher than most areas in the state but may still be worth considering for those who want an urban lifestyle near downtown Detroit without sacrificing quality of life.