Housing costs in Wallace?
A typical home costs
$176,100, which is 47.9% less expensive than the national average of
$338,100 and 19.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wallace 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 Wallace?
To live comfortably in Wallace (zip 49893), Michigan, a minimum annual income of
$33,840 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Wallace?
Living in 49893 Wallace, MI is relatively affordable when compared to other areas of Michigan and the US. The cost of living index for this area is 89.8, which is 11% lower than the national average. This low cost of living is due to inexpensive housing and transportation costs as well as a variety of entertainment and dining options available at moderate prices. Additionally, utilities are also quite affordable, with electricity rates averaging just $0.09 per kWh in 2019. All together these factors make 49893 Wallace a great place for anyone looking for an affordable place to live while still having access to plenty of amenities.