Housing costs in Midland?
A typical home costs
$180,900, which is 46.5% less expensive than the national average of
$338,100 and 17.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Midland costs
$920 per month, which is 16.4% cheaper than the national average of
$1,100 and 6.5% cheaper than the state average of
$980.
Can I afford Midland?
To live comfortably in Midland (zip 48640), Michigan, a minimum annual income of
$34,560 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Midland?
The cost of living in 48640 Midland, MI is relatively low compared to other parts of the country. The median home value is just under $100,000 and the median household income is around $51,000. Rent is also very affordable with a median rent of only $746 per month. Utilities are also very reasonable with the average monthly electricity bill coming in at only $115. Groceries and health care costs are also quite low with prices for both being much lower than the national average. All in all, 48640 Midland, MI provides its residents with an excellent quality of life at an incredibly affordable cost.