Housing costs in Rapid River?
A typical home costs
$143,300, which is 57.6% less expensive than the national average of
$338,100 and 34.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rapid River costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Rapid River?
To live comfortably in Rapid River (zip 49878), Michigan, a minimum annual income of
$27,360 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Rapid River?
The cost of living in 49878 Rapid River, MI is relatively affordable compared to other areas of the country. The median home value in 49878 is roughly $91,200 and the median rent is around $815 per month. Additionally, the overall cost of goods and services is 8% below the national average. This makes 49878 an attractive location for those looking for a more affordable place to live without sacrificing quality of life.