Housing costs in Grosse Pointe Woods?
A typical home costs
$357,100, which is 5.6% more expensive than the national average of
$338,100 and 63.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grosse Pointe Woods costs
$1,690 per month, which is 53.6% more than the national average of
$1,100 and 27.8% more than the state average of
$1,220.
Can I afford Grosse Pointe Woods?
To live comfortably in Grosse Pointe Woods (zip 48236), Michigan, a minimum annual income of
$68,400 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Grosse Pointe Woods?
The cost of living in 48236 Grosse Pointe Woods, MI is generally higher than the US average. According to BestPlaces, the cost of living index in Grosse Pointe Woods is 99.12, which is 2.88% higher than the US average of 96.24. This includes costs such as groceries, housing, transportation, health care and utilities. Groceries are 3.79% higher than the US average; housing is 13.4% more expensive; transportation costs 6.37% more; and healthcare expenses are 0.43% higher than the US national average. Utilities are also more expensive at 9.83%. All in all, Grosse Pointe Woods can be considered a fairly expensive place to live when compared to other cities across America.