Housing costs in Paw Paw?
A typical home costs
$224,300, which is 33.7% less expensive than the national average of
$338,100 and 2.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Paw Paw costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Paw Paw?
To live comfortably in Paw Paw (zip 49079), Michigan, a minimum annual income of
$42,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Paw Paw?
The cost of living in 49079 Paw Paw, MI is relatively affordable compared to the rest of the country. According to BestPlaces, the cost of living index is just 82.86, which is 18% lower than the national average. This means that basic necessities such as food, housing and transportation are more affordable for residents of this area. The median home value in Paw Paw is $112,000 and the median rent for a two bedroom apartment is around $650 per month. Furthermore, the overall tax rate is moderate at 6%. All things considered, it's clear that 49079 Paw Paw offers an affordable and balanced way of life for its residents.