Housing costs in Pontiac?
A typical home costs
$129,700, which is 61.6% less expensive than the national average of
$338,100 and 40.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Pontiac costs
$1,060 per month, which is 3.6% cheaper than the national average of
$1,100 and 15.1% cheaper than the state average of
$1,220.
Can I afford Pontiac?
To live comfortably in Pontiac (zip 48341), Michigan, a minimum annual income of
$24,840 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Pontiac?
The cost of living in 48341 Pontiac, MI is relatively low compared to other parts of the country. The median home value in the area is around $112,400, which is quite affordable. The median rent here is also quite reasonable at just $893 per month. Residents can expect to pay an average of $3.62 for a gallon of gas and groceries are about 8 percent cheaper than the national average. Overall, residents can benefit from a relatively low cost of living in this part of Michigan.