Housing costs in Alto?
A typical home costs
$388,300, which is 14.8% more expensive than the national average of
$338,100 and 77.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Alto costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$1,100.
Can I afford Alto?
To live comfortably in Alto (zip 49302), Michigan, a minimum annual income of
$74,520 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Alto?
The cost of living in 49302 Alto, MI is moderate compared to other areas in the country. The overall cost of living index for Alto is 89.3, which is 8% lower than the Michigan average and 7% lower than the national average. Housing costs are particularly low with a median home price of $199,800 and the median rent sitting at $962 per month. On top of that, food and transportation expenses are also relatively low. For example, an average meal at a mid-range restaurant in Alto will cost you around $14 whereas gasoline prices are about 9% lower than the national average. All things considered, Alto provides a comfortable lifestyle without breaking the bank.