Housing costs in Southgate?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 26.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Southgate costs
$1,230 per month, which is 11.8% more than the national average of
$1,100 and close to the state average of
$1,220.
Can I afford Southgate?
To live comfortably in Southgate (zip 48195), Michigan, a minimum annual income of
$30,600 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Southgate?
The cost of living in 48195 Southgate, MI is generally fairly reasonable. The median home price in the area is around $155,000, making it an affordable option for homebuyers. Renters can expect to pay an average of $1,000 per month for a one bedroom apartment or $1,500 per month for two bedrooms. Goods and services are priced according to the national average, while groceries tend to be slightly more expensive than other places due to the lack of local grocery stores. The area also has a low unemployment rate and local businesses offer competitive wages which helps to reduce the overall cost of living for residents.