Housing costs in Milan?
A typical home costs
$257,300, which is 23.9% less expensive than the national average of
$338,100 and 17.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Milan costs
$1,130 per month, which is 2.7% more than the national average of
$1,100 and 5.3% more than the state average of
$1,070.
Can I afford Milan?
To live comfortably in Milan (zip 48160), Michigan, a minimum annual income of
$49,320 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in 48160 Milan, MI is relatively affordable compared to other cities and towns in the United States. The median home value in this zip code is just over $100,000, which is much lower than the national average. Additionally, the median household income is around $45,000 per year, making it a great place for those looking to live comfortably on a budget. Furthermore, utilities are generally cheap and grocery prices are reasonable as well. All these factors make 48160 Milan an ideal place to live for those looking for a good quality of life without breaking the bank.