Housing costs in Southfield?
A typical home costs
$266,200, which is 21.3% less expensive than the national average of
$338,100 and 21.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Southfield costs
$1,490 per month, which is 35.5% more than the national average of
$1,100 and 18.1% more than the state average of
$1,220.
Can I afford Southfield?
To live comfortably in Southfield (zip 48076), Michigan, a minimum annual income of
$51,120 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Southfield?
The cost of living in 48076 Southfield, MI is relatively high compared to the national average. Living expenses such as housing, healthcare, transportation, groceries, and utilities are all considerably more expensive in Southfield than the rest of the country. According to BestPlaces’s Cost of Living Index for Southfield, MI, prices are 18% higher than the national average. However, many people are willing to pay a premium to make Southfield their home due to its excellent schools and convenient location. The city also features plenty of entertainment options and recreational activities that make it an attractive place for families and young professionals alike.