Housing costs in Melvindale?
A typical home costs
$119,300, which is 64.7% less expensive than the national average of
$338,100 and 45.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Melvindale costs
$1,080 per month, which is 1.8% cheaper than the national average of
$1,100 and 13.0% cheaper than the state average of
$1,220.
Can I afford Melvindale?
To live comfortably in Melvindale (zip 48122), Michigan, a minimum annual income of
$22,680 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Melvindale?
The cost of living in Melvindale, MI 48122 is fairly reasonable. The median home price for the area is around $90,000, with rental rates between $800 and $1,100 per month. Food costs are generally less than the national average, as well as most other consumer goods such as gas and transportation. Utility expenses are also about average for the region. Public transportation options like buses and trains are available to get around the city at an affordable rate. All in all, Melvindale provides a great cost of living option for those looking to stay within a budget while enjoying all that the city has to offer.