Housing costs in Silverwood?
A typical home costs
$113,000, which is 66.6% less expensive than the national average of
$338,100 and 48.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Silverwood costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,100.
Can I afford Silverwood?
To live comfortably in Silverwood (zip 48760), Michigan, a minimum annual income of
$21,600 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Silverwood?
The cost of living in 48760 Silverwood, MI is relatively low compared to other cities in the country. The median home value is just over $100,000, making it an affordable option for those looking for a place to call home. The unemployment rate is quite low at 3% and the median household income is $60,000 which allows families to have a comfortable lifestyle. There are plenty of restaurants and entertainment options nearby, such as the Grand Haven State Park and the Lake Michigan Beach, so exploring the outdoors won't break the bank either. All in all, Silverwood is a great city with plenty of amenities that make it a great place to live without breaking your budget.