Housing costs in Romulus?
A typical home costs
$184,700, which is 45.4% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Romulus costs
$1,200 per month, which is 9.1% more than the national average of
$1,100 and close to the state average of
$1,220.
Can I afford Romulus?
To live comfortably in Romulus (zip 48174), Michigan, a minimum annual income of
$35,280 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Romulus?
Romulus, MI, zip code 48174 has a cost of living that is slightly below the national average. The median home value in this area is around $127,600 which is lower than the U.S. average of $200,400. Renters at this location can expect to pay on average $914 for monthly rent, which is much lower than the U.S. average of $1,470 per month. Additionally, groceries are relatively inexpensive and the overall cost of living in Romulus is 6% lower than the rest of the country on average. Overall, individuals looking for an affordable city to live in should consider Romulus as it offers a great mix of affordability and quality of life.