Housing costs in Wells?
A typical home costs
$136,500, which is 59.6% less expensive than the national average of
$338,100 and 37.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wells costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,100.
Can I afford Wells?
To live comfortably in Wells (zip 49894), Michigan, a minimum annual income of
$26,280 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Wells?
The cost of living in 49894 Wells, MI is surprisingly affordable compared to other areas in the state. The median home cost in this area is just shy of $70,000 and the median rent is just below $900 per month. The local median household income is around $44,000 annually which shows that living expenses are relatively low. Utilities like electricity and water are generally very affordable for the area as well. With all these factors combined, 49894 Wells, MI offers a great quality of life on a relatively modest budget.