Housing costs in Oakley?
A typical home costs
$142,600, which is 57.8% less expensive than the national average of
$338,100 and 34.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Oakley costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 6.8% cheaper than the state average of
$1,100.
Can I afford Oakley?
To live comfortably in Oakley (zip 48649), Michigan, a minimum annual income of
$27,360 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Oakley?
The cost of living in 48649 Oakley, MI is very reasonable. The median home value in the area is around $132,000, with the average rent for a two bedroom apartment coming in at around $800. The overall cost of living index is close to the national average, making it a good place to live for those looking for affordability. The unemployment rate is also lower than that of the rest of Michigan, giving residents access to more job opportunities and stability. Grocery prices are comparable to those found in other parts of the state and there are plenty of local businesses that offer services at affordable prices. All in all, Oakley, MI offers residents an acceptable quality of life at a reasonable price.