Housing costs in Ray?
A typical home costs
$353,700, which is 4.6% more expensive than the national average of
$338,100 and 61.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ray costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 9.1% more than the state average of
$1,100.
Can I afford Ray?
To live comfortably in Ray (zip 48096), Michigan, a minimum annual income of
$67,680 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Ray?
The cost of living in Ray, MI (48096) is relatively low compared to other areas. According to BestPlaces, the cost of living index in Ray is 88.95, which is 8% lower than the US average. Rent and housing are particularly affordable in this area, with an average one bedroom apartment costing just under $700 a month. Groceries are also reasonably priced, coming in at just over 12% lower than the US national average. Utility costs are slightly higher, but still remain well under the national average. All in all, living in Ray can be very affordable for those looking for an inexpensive place to live.