Housing costs in Niles?
A typical home costs
$159,000, which is 53.0% less expensive than the national average of
$338,100 and 27.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Niles costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 23.6% cheaper than the state average of
$1,100.
Can I afford Niles?
To live comfortably in Niles (zip 49120), Michigan, a minimum annual income of
$30,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Niles?
The cost of living in 49120 Niles, MI is higher than the state average. Although housing costs are more expensive than other places in Michigan, food and transportation costs remain similar to other areas throughout the state. The overall cost of living is 7% higher than the national average. In addition to this, sales tax in Niles is 6%, which is slightly higher than the 5.06% statewide rate, making it an expensive place to live. With a median household income of around $41000, many residents find it difficult to make ends meet in the area's high-cost environment.