Housing costs in Waterford?
A typical home costs
$259,000, which is 23.4% less expensive than the national average of
$338,100 and 18.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Waterford costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 31.3% more than the state average of
$1,100.
Can I afford Waterford?
To live comfortably in Waterford (zip 48329), Michigan, a minimum annual income of
$49,680 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Waterford?
The cost of living in 48329 Waterford, MI is relatively affordable compared to other cities in the country. While housing and groceries are slightly higher than the national average, utilities and healthcare costs are significantly lower. The median home price for the area is around $165,000, significantly lower than many other parts of the country. Transportation costs are also quite low, as commuting to work or school tends to be easy due to the abundance of public transportation options. All in all, 48329 Waterford, MI can offer its residents a high quality of life at an affordable price.