Housing costs in New Troy?
A typical home costs
$214,400, which is 36.6% less expensive than the national average of
$338,100 and 2.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in New Troy costs
$930 per month, which is 15.5% cheaper than the national average of
$1,100 and 3.2% cheaper than the state average of
$960.
Can I afford New Troy?
To live comfortably in New Troy (zip 49119), Michigan, a minimum annual income of
$41,040 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about New Troy?
Living in 49119 New Troy, MI is relatively affordable. The median home cost is $146,500, with housing prices steadying increasing over the past year. In comparison to other Michigan cities such as Detroit or Grand Rapids, New Troy’s cost of living is much lower. Rental prices are fairly reasonable as well; the median rent price for a one bedroom apartment hovers around $620/mo. The sales tax rate in New Troy is 6%, which is slightly higher than Michigan's average of 6%. Finally, transportation expenses are relatively low as the most common way to get around town is by car.