Housing costs in Kalamazoo?
A typical home costs
$338,500, which is 0.1% more expensive than the national average of
$338,100 and 54.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Kalamazoo costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 2.7% more than the state average of
$1,100.
Can I afford Kalamazoo?
To live comfortably in Kalamazoo (zip 49009), Michigan, a minimum annual income of
$64,800 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Kalamazoo?
The cost of living in 49009 Kalamazoo, MI is fairly affordable. According to the BestPlaces Cost of Living Index, Kalamazoo's cost of living index is 83.71, which is 16.29% lower than the U.S. average. This means that residents can expect to pay less for goods and services than the national average. Additionally, housing costs in Kalamazoo are well below the national median with an average home price of $122,500 and monthly rent estimated at around $690 per month on average. In short, living in Kalamazoo brings a certain financial peace-of-mind for those looking for the comfort of a midwestern city without breaking their bank accounts.