Housing costs in Clay?
A typical home costs
$325,900, which is 3.6% less expensive than the national average of
$338,100 and 49.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Clay costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 8.3% more than the state average of
$1,100.
Can I afford Clay?
To live comfortably in Clay, Michigan, a minimum annual income of
$62,280 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Clay?
The cost of living in Clay, MI is generally fairly affordable. The median home value in the city is around $155,000, which is lower than the national median home value at $217,600. This makes housing very reasonable for most people. Groceries and other basic items are also reasonably priced in comparison to other parts of the state. Additionally, utility costs and taxes are all relatively low when compared with other areas of Michigan. Overall, Clay provides a great balance between quality of life and affordability when it comes to living expenses.