Zip 48140 (Ida, MI) Cost of Living


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Ida cost of living score
91.5
Less expensive
8.5% lower
than the US average
0.0% lower
than the Michigan average
Ida (zip 48140), Michigan gets a BestPlaces Cost of Living score of 91.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.5% lower than the U.S. average and 0.0% lower than the average for Michigan.

Zip 48140 (Ida, MI)

Housing costs in Ida?
A typical home costs $250,600, which is 25.9% less expensive than the national average of $338,100 and 14.6% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Ida costs $910 per month, which is 36.4% cheaper than the national average of $1,430 and 20.9% cheaper than the state average of $1,100.

Can I afford Ida?
To live comfortably in Ida (zip 48140), Michigan, a minimum annual income of $47,880 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Ida?
The cost of living in 48140 Ida, MI is quite affordable. The median home price is around $133,000, and the median household income is around $59,000, which is lower than the national average. Property taxes are also quite low compared to other areas. Utility bills are also very reasonable and most people can afford basic necessities of life such as groceries and transportation without breaking the bank. Overall, it is a great place to live for anyone that wants an affordable cost of living while still having access to all the necessary amenities.
   Cost of living score
     CategoriesIdaMichiganUnited States
  91.591.5100.0
  95.393.4100
  85.684.8100.0
  86.371.2100.0
  $250,600$218,700$338,100
  102.4%100.1%100.0%
  119.6115.1100.0
  96.595.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime