Housing costs in Okemos?
A typical home costs
$336,800, which is 0.4% less expensive than the national average of
$338,100 and 54.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Okemos costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 11.3% more than the state average of
$1,100.
Can I afford Okemos?
To live comfortably in Okemos (zip 48864), Michigan, a minimum annual income of
$64,440 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Okemos?
The cost of living in 48864 Okemos, MI is relatively affordable compared to other parts of the United States. The overall cost of living index is 87.3, which is 13.7% lower than the national average. Housing costs come in at 68.9, which is much lower than the national average of 100. Utilities are also comparatively low, with an index rating of 84.2, indicating that utilities are almost 15% cheaper than what would be expected elsewhere in the US. Other necessities such as groceries and transportation costs are slightly higher than average but still remain affordable for most budgets. All told, 48864 Okemos provides a great opportunity for those looking for a reasonably priced place to live without sacrificing quality or comfort.