Housing costs in Houghton?
A typical home costs
$194,700, which is 42.4% less expensive than the national average of
$338,100 and 11.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Houghton costs
$740 per month, which is 32.7% cheaper than the national average of
$1,100 and 12.2% cheaper than the state average of
$830.
Can I afford Houghton?
To live comfortably in Houghton (zip 49931), Michigan, a minimum annual income of
$37,440 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Houghton?
The cost of living in 49931 Houghton, MI is relatively low compared to other cities in Michigan and the U.S. The median home price in 49931 Houghton is slightly above the national average at around $152,000, but utilities and transportation costs are significantly lower than the national averages. Groceries, healthcare, and miscellaneous goods are all very affordable as well. Overall, the cost of living in 49931 Houghton is much cheaper than the rest of Michigan and the United States as a whole.