Housing costs in Spring Arbor?
A typical home costs
$228,200, which is 32.5% less expensive than the national average of
$338,100 and 4.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Spring Arbor costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 37.5% cheaper than the state average of
$1,100.
Can I afford Spring Arbor?
To live comfortably in Spring Arbor, Michigan, a minimum annual income of
$43,560 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Spring Arbor?
The cost of living in Spring Arbor, MI is generally considered to be quite affordable. The median home price is just over $100,000 and the average rental rate for a two-bedroom apartment is around $600 per month. The cost of groceries, health care, utilities and transportation are all slightly lower than the national average. The unemployment rate is low and wages are on par with similar towns in the state. All this combines to make Spring Arbor an attractive option for those who want to live comfortably on a budget.