Zip 48763 (Tawas City, MI) Cost of Living


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United States / Michigan / No Metro Area / Iosco County / Tawas City / Tawas City (zip 48763)
How much do I need to live in Tawas City, Michigan?
$2,340 / month
for a family, 56.7% less expensive than the national average A total of $28,080 for the year for a family.
$2,133 / month
for a single person, 55.3% less expensive than the national average A total of $25,600 for the year for a single person.

Tawas City cost of living score
74.9
Less expensive
25.1% lower
than the US average
18.1% lower
than the Michigan average
Tawas City (zip 48763), Michigan gets a BestPlaces Cost of Living score of 74.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.1% lower than the U.S. average and 18.1% higher than the average for Michigan.

Zip 48763 (Tawas City, MI)

Housing costs in Tawas City?
A typical home costs $146,400, which is 56.7% less expensive than the national average of $338,100 and 33.1% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Tawas City costs $770 per month, which is 46.2% cheaper than the national average of $1,430 and 42.9% cheaper than the state average of $1,100.

Can I afford Tawas City?
To live comfortably in Tawas City (zip 48763), Michigan, a minimum annual income of $28,080 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Tawas City?
The cost of living in 48763 Tawas City, MI is quite affordable compared to many other cities. The median home value in the area is around $113,000, and the average rent for a two-bedroom apartment is about $780 per month. Additionally, groceries and transportation costs are relatively low when compared to other parts of the country. The overall cost of living in 48763 Tawas City, MI allows residents to enjoy a comfortable lifestyle without breaking the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTawas CityMichiganUnited States
    Unlock91.5100.0
  90.4  Unlock100.0
    Unlock84.8100.0
  44.3  Unlock100.0
    Unlock$218,700$338,100
  98.9  Unlock100.0
    Unlock115.1100.0
  81.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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