Housing costs in Mio?
A typical home costs
$106,800, which is 68.4% less expensive than the national average of
$338,100 and 51.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Mio costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 46.7% cheaper than the state average of
$1,100.
Can I afford Mio?
To live comfortably in Mio (zip 48647), Michigan, a minimum annual income of
$20,520 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Mio?
The cost of living in 48647 Mio, MI is generally considered to be quite affordable. Housing prices are relatively low compared to the rest of the country, with the median home value sitting at around $100,000. The median household income is just over $30,000 a year, which is slightly lower than the national average and allows people to live comfortably on a budget. Groceries and other basic necessities are also fairly inexpensive in this area, making it easy for locals to save money. Additionally, there are plenty of free or low-cost activities available in the area like hiking in nearby state parks or visiting museums and galleries, making 48647 Mio an ideal location for budget-conscious families.