Housing costs in Saginaw?
A typical home costs
$68,200, which is 79.8% less expensive than the national average of
$338,100 and 68.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Saginaw costs
$960 per month, which is 12.7% cheaper than the national average of
$1,100 and 3.1% more than the state average of
$930.
Can I afford Saginaw?
To live comfortably in Saginaw (zip 48607), Michigan, a minimum annual income of
$12,960 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Saginaw?
The cost of living in 48607 Saginaw, MI is quite reasonable. According to the Cost of Living Index, the overall cost of living in this zip code is 4% less than the national average. Housing costs are particularly attractive; they are 13% lower than the rest of the country. The median home price here is $120,100 and the median household income is $44,626. This makes it an affordable place for anyone looking to buy or rent a home. In addition to housing costs, utilities and groceries are both priced below the national average as well. With its affordable cost of living and low crime rate, 48607 Saginaw, MI is a great place to live and work.