Housing costs in Southfield?
A typical home costs
$205,000, which is 39.4% less expensive than the national average of
$338,100 and 6.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Southfield costs
$1,380 per month, which is 25.5% more than the national average of
$1,100 and 11.6% more than the state average of
$1,220.
Can I afford Southfield?
To live comfortably in Southfield (zip 48075), Michigan, a minimum annual income of
$39,240 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Southfield?
The cost of living in 48075 Southfield, MI is quite reasonable. The median home value in Southfield is around $140,000, which is well below the national average. Property taxes are also relatively low compared to other parts of Michigan, making it an attractive location for first-time homebuyers. Additionally, the cost of utilities like electricity and gas are also very affordable, allowing residents to maximize their budget and enjoy all that Southfield has to offer. Overall, living in 48075 Southfield, MI provides a great balance between affordability and quality of life.