Housing costs in Shorewood-Tower Hills-Harbert?
A typical home costs
$565,900, which is 67.4% more expensive than the national average of
$338,100 and 158.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Shorewood-Tower Hills-Harbert costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,100.
Can I afford Shorewood-Tower Hills-Harbert?
To live comfortably in Shorewood-Tower Hills-Harbert (zip 49115), Michigan, a minimum annual income of
$108,360 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Shorewood-Tower Hills-Harbert?
The cost of living in 49115 Shorewood-Tower Hills-Harbert, MI is generally higher than average when compared to the rest of the state. According to the Council for Community and Economic Research’s Cost of Living Index, this area has a median value that exceeds the state’s median by 10.9%. Housing costs are particularly high in this region, with the median house in 49115 Shorewood-Tower Hills-Harbert costing over $600,000. Additionally, other living expenses in this area are often more expensive than the Michigan average. Groceries, healthcare services and transportation all tend to have higher prices here than elsewhere in the state.