Housing costs in Grosse Pointe Park?
A typical home costs
$410,200, which is 21.3% more expensive than the national average of
$338,100 and 87.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grosse Pointe Park costs
$1,400 per month, which is 27.3% more than the national average of
$1,100 and 12.9% more than the state average of
$1,220.
Can I afford Grosse Pointe Park?
To live comfortably in Grosse Pointe Park (zip 48230), Michigan, a minimum annual income of
$78,480 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Grosse Pointe Park?
The cost of living in 48230 Grosse Pointe Park, MI is relatively high compared to other areas in the country. The median home value in this area is $255,400, which is significantly higher than the national median of $184,700. Also, the median household income for Grosse Pointe Park residents is considerably higher than the national average at $77,264 annually compared to $57,652. Furthermore, the cost of goods and services such as groceries and utilities tend to be slightly above average in this area due to its suburban location. All in all, while 48230 Grosse Pointe Park may not be an incredibly expensive city in comparison with other places around the world – it still has a higher cost of living than many other areas throughout Michigan and beyond.