Housing costs in Hanover?
A typical home costs
$200,600, which is 40.7% less expensive than the national average of
$338,100 and 8.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hanover costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 27.9% cheaper than the state average of
$1,100.
Can I afford Hanover?
To live comfortably in Hanover (zip 49241), Michigan, a minimum annual income of
$38,520 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in Hanover, MI is relatively affordable compared to the national average. In addition, the median household income is higher than the state average. The housing costs are also quite reasonable with a median home value of $134,500 and an average rent of $847 per month. Overall, 49241 Hanover, MI offers a good quality of life at a reasonable cost.