Housing costs in Hazel Park?
A typical home costs
$150,100, which is 55.6% less expensive than the national average of
$338,100 and 31.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hazel Park costs
$1,280 per month, which is 16.4% more than the national average of
$1,100 and 4.7% more than the state average of
$1,220.
Can I afford Hazel Park?
To live comfortably in Hazel Park (zip 48030), Michigan, a minimum annual income of
$28,800 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Hazel Park?
The cost of living in 48030 Hazel Park, MI is quite reasonable. According to the most recent data, the cost of living index for this area is 89.3, which is 11.7 percent lower than the national average. Housing costs are especially affordable in the Hazel Park area, with median rent coming in at $750 per month and median home values standing at $70,000. Residents also benefit from lower than average utility costs as well as grocery costs that are just a bit higher than the national average. All factors considered, 48030 Hazel Park, MI is an affordable place to live with many conveniences nearby.