Housing costs in Alamo?
A typical home costs
$269,200, which is 20.4% less expensive than the national average of
$338,100 and 23.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Alamo costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Alamo?
To live comfortably in Alamo, Michigan, a minimum annual income of
$51,480 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Alamo?
The cost of living in Alamo, MI is relatively affordable. The median home value is $124,400 while the median rent costs only $695 per month. The overall cost of goods and services is 7% lower than the national average. Utility costs are also below average, with electricity and natural gas prices both being lower than the national average. Overall, Alamo offers a great quality of life at an affordable price.