Housing costs in Pontiac?
A typical home costs
$98,200, which is 71.0% less expensive than the national average of
$338,100 and 55.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Pontiac costs
$1,090 per month, which is 0.9% cheaper than the national average of
$1,100 and 11.9% cheaper than the state average of
$1,220.
Can I afford Pontiac?
To live comfortably in Pontiac (zip 48342), Michigan, a minimum annual income of
$18,720 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Pontiac?
The cost of living in 48342 Pontiac, MI is relatively affordable compared to other areas of the country. According to Sperling's Best Places, the overall cost of living index for this area is 88.3 which is 12.7% lower than the U.S. average. Housing costs, in particular, are quite low at an index score of 74, 25% lower than the national average. In terms of groceries and transportation costs, they are both slightly higher than average but still very reasonable with indexes of 102 and 98 respectively. All in all, 48342 Pontiac, MI makes for a very cost-effective place to live with plenty of activities and amenities nearby.