Housing costs in Mendon?
A typical home costs
$163,600, which is 51.6% less expensive than the national average of
$338,100 and 25.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Mendon costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Mendon?
To live comfortably in Mendon (zip 49072), Michigan, a minimum annual income of
$31,320 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Mendon?
The cost of living in 49072 Mendon, MI is relatively low compared to the national average. The median home value is $124,100, which is lower than the national median home value of $231,200. Rent is also relatively low with a median monthly rent rate of $1,000. The overall cost of living index for 49072 Mendon, MI is 78.4 which is 22% lower than the United States average. Residents also benefit from a low unemployment rate and strong job market to help maintain their cost of living expenses while they live in the area.