Zip 48883 (Shepherd, MI) Cost of Living


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Shepherd cost of living score
77.9
Less expensive
22.1% lower
than the US average
14.9% lower
than the Michigan average
Shepherd (zip 48883), Michigan gets a BestPlaces Cost of Living score of 77.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.1% lower than the U.S. average and 14.9% higher than the average for Michigan.

Zip 48883 (Shepherd, MI)

Housing costs in Shepherd?
A typical home costs $169,800, which is 49.8% less expensive than the national average of $338,100 and 22.4% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Shepherd costs $860 per month, which is 39.9% cheaper than the national average of $1,430 and 27.9% cheaper than the state average of $1,100.

Can I afford Shepherd?
To live comfortably in Shepherd (zip 48883), Michigan, a minimum annual income of $32,400 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Shepherd?
The cost of living in 48883 Shepherd, MI is generally quite affordable. Housing costs are lower than the US average, with the median home value estimated to be around $106,200. Groceries and other necessary items are also accessible on a reasonable budget. Additionally, residents have access to many outdoor activities and recreational spaces that can provide plenty of fun without breaking the bank. With its laid-back atmosphere and relatively low cost of living, 48883 Shepherd is an ideal place for anyone looking for an affordable yet enjoyable lifestyle.
   Cost of living score
     CategoriesShepherdMichiganUnited States
  77.991.5100.0
  91.693.4100
  92.284.8100.0
  49.171.2100.0
  $169,800$218,700$338,100
  98.2%100.1%100.0%
  83.4115.1100.0
  95.995.9100.0

   100=National Average

   Average Rent by Bedroom Size
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