Housing costs in Victor?
A typical home costs
$306,300, which is 9.4% less expensive than the national average of
$338,100 and 40.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Victor costs
$900 per month, which is 37.1% more than the national average of
$1,430 and 22.2% more than the state average of
$1,100.
Can I afford Victor?
To live comfortably in Victor, Michigan, a minimum annual income of
$58,680 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Victor?
The cost of living in Victor, MI is quite reasonable compared to other areas of the state. The median home value is about $195,000, which is significantly lower than the national median home value of over $200,000. Additionally, the median household income in Victor is about $67,000 which is considerably lower than the national median household income of nearly $60,000. Furthermore, the overall state taxes are relatively low compared to other states and there are no additional local taxes for Victor residents. Overall, Victor offers a relatively low cost of living when compared to many other parts of Michigan or the United States as a whole.