Housing costs in Ypsilanti?
A typical home costs
$303,700, which is 10.2% less expensive than the national average of
$338,100 and 38.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ypsilanti costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 12.0% more than the state average of
$1,100.
Can I afford Ypsilanti?
To live comfortably in Ypsilanti (zip 48197), Michigan, a minimum annual income of
$58,320 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Ypsilanti?
The cost of living in Ypsilanti, MI (48197) is quite reasonable. The city has a median home value of $135,900 which is well below the national median home value of $231,200. Similarly, the cost of goods and services in the area tends to be cheaper than elsewhere in the country. Additionally, unemployment rates remain relatively low and wages tend to stay consistent. Overall, 48197 Ypsilanti, MI is an affordable place to live with a good economic outlook.