Housing costs in Homer?
A typical home costs
$148,000, which is 56.2% less expensive than the national average of
$338,100 and 32.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Homer costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,100.
Can I afford Homer?
To live comfortably in Homer (zip 49245), Michigan, a minimum annual income of
$28,440 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in 49245 Homer, MI is quite reasonable. The housing costs are relatively low, with the median home value estimated to be $113,400 and the median rent estimated at $799 per month. Groceries, transportation, and healthcare are all estimated to be lower than the national average. Tax rates are also lower than the national average, making it an affordable place to live. In addition, there are no income taxes levied in Michigan which makes this a great place for those looking for a more affordable lifestyle.