Housing costs in Troy?
A typical home costs
$286,400, which is 15.3% less expensive than the national average of
$338,100 and 31.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Troy costs
$1,460 per month, which is 32.7% more than the national average of
$1,100 and 16.4% more than the state average of
$1,220.
Can I afford Troy?
To live comfortably in Troy (zip 48083), Michigan, a minimum annual income of
$54,720 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Troy?
The cost of living in 48083 Troy, MI is relatively affordable. According to BestPlaces, the cost of living index in Troy is rated at 103, which is 3% higher than the national average. This means that overall living costs are slightly more expensive here than in other parts of the country. Despite this, most people find that they can live comfortably on a modest income in Troy. Housing prices are reasonable and there are plenty of options in terms of restaurants, entertainment, and shopping. The low taxes also help to make the cost of living here much more manageable. All things considered, it is definitely possible to have a comfortable lifestyle in Troy at an affordable price.