Housing costs in New Haven?
A typical home costs
$313,200, which is 7.4% less expensive than the national average of
$338,100 and 43.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Haven costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 32.1% more than the state average of
$1,100.
Can I afford New Haven?
To live comfortably in New Haven (zip 48050), Michigan, a minimum annual income of
$60,120 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about New Haven?
The cost of living in New Haven, MI (48050) is generally moderate. According to the latest figures from bestplaces.net, the overall cost of living index is 88.8, which is lower than the US average of 100. This indicates that it is slightly less expensive to live in New Haven compared to other places in the US. The rent for a one-bedroom apartment in the city center averages at around $786 a month, while outside of downtown it costs about $731 per month. Groceries are also relatively cheap, with an estimated 4% lower than the national average. In addition, utilities and transportation costs tend to be lower as well. All in all, New Haven offers its residents an affordable lifestyle with plenty of amenities.