Housing costs in Utica?
A typical home costs
$253,800, which is 24.9% less expensive than the national average of
$338,100 and 16.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Utica costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 17.3% more than the state average of
$1,100.
Can I afford Utica?
To live comfortably in Utica (zip 48317), Michigan, a minimum annual income of
$48,600 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Utica?
The cost of living in 48317 Utica, MI is quite reasonable. According to Best Places, the cost of living index for the area is at 89.1, which is lower than the national average by 10.9%. This means that overall, prices in this area are much lower than in other parts of the country. Housing costs are particularly low compared to the national average, with an estimated median home value that is about $202,902 and monthly homeowner costs averaging out to around $1,517. In addition to housing costs being considerably lower than in other areas, food and utilities are also quite affordable with food costing 15% less and utilities costing 12% less than the national average. All in all, living in 48317 Utica, MI can be quite economical for many families or individuals looking for a cost-effective place to live.