Housing costs in New Buffalo?
A typical home costs
$551,800, which is 63.2% more expensive than the national average of
$338,100 and 152.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Buffalo costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 12.2% cheaper than the state average of
$1,100.
Can I afford New Buffalo?
To live comfortably in New Buffalo (zip 49117), Michigan, a minimum annual income of
$105,840 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about New Buffalo?
49117 New Buffalo, MI has a relatively high cost of living compared to other parts of the state. The median home value for this zip code is approximately $307,000, which is higher than both the state and national median home values. On top of that, the average cost of groceries in this area is 18% higher than the rest of Michigan. Utilities also tend to be more expensive in this area with an average energy bill costing about 7% higher than other parts of the state. Despite its high costs, 49117 New Buffalo, MI can still offer many amenities such as its beautiful beaches and vibrant downtown culture that make living in this community worth it.