Housing costs in New Baltimore?
A typical home costs
$261,600, which is 22.6% less expensive than the national average of
$338,100 and 19.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Baltimore costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 13.4% more than the state average of
$1,100.
Can I afford New Baltimore?
To live comfortably in New Baltimore (zip 48051), Michigan, a minimum annual income of
$50,040 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about New Baltimore?
The cost of living in 48051 New Baltimore, MI is quite affordable. The overall cost of living index is at 94.5, which is 6.5% lower than the national average. Housing expenses are particularly reasonable compared to other parts of the state; the median home value is $167,400 and the median rent amount is $1,039 per month. Furthermore, groceries, utilities and transportation costs are also below the national average. With low housing costs combined with the generally lower-than-average cost of goods and services, 48051 New Baltimore offers a great value for its residents.