Housing costs in Waterford?
A typical home costs
$242,400, which is 28.3% less expensive than the national average of
$338,100 and 10.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Waterford costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Waterford?
To live comfortably in Waterford (zip 48327), Michigan, a minimum annual income of
$46,440 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Waterford?
Living in 48327 Waterford, MI has an affordable cost of living. The overall cost of living index for the city is 93.5, which is 7.5% lower than the national average. Housing costs are among the most affordable in Michigan, with a median home value of $118,000 and median rent of $937 per month. The price of groceries here is slightly higher than the national average, but prices for transportation and utilities are lower than average. Overall, living in Waterford can be quite affordable.