Housing costs in Sherwood?
A typical home costs
$123,000, which is 63.6% less expensive than the national average of
$338,100 and 43.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Sherwood costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Sherwood?
To live comfortably in Sherwood (zip 49089), Michigan, a minimum annual income of
$23,400 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Sherwood?
The cost of living in 49089 Sherwood, MI is relatively low compared to many other parts of the country. The median home price is approximately $121,400, which is significantly lower than the national average of $200,400. Additionally, the median household income for this zip code is just over $36,000 a year, which is significantly lower than the national average of over $55,000 annually. As a result, residents can enjoy an excellent quality of life despite an overall lower income as they are able to purchase a higher quality standard of living with less money.