Housing costs in Jerome?
A typical home costs
$267,500, which is 20.9% less expensive than the national average of
$338,100 and 22.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Jerome costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Jerome?
To live comfortably in Jerome (zip 49249), Michigan, a minimum annual income of
$51,120 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Jerome?
The cost of living in 49249 Jerome, MI is relatively low compared to other areas in the country. According to Sperling's Best Places, the city has a cost of living index of 79.4, which is 19.6% lower than the US average. The median home value is $107,700 and housing is generally affordable for most people looking to purchase or rent a home in this area. The median household income is around $59,500 and groceries are also relatively inexpensive with an index rating of 96.7. On top of all this, the overall tax burden on the residents here is quite low (around 6%), making it an attractive option for those who are looking for affordability and low taxes when it comes to choosing a place to live.