Housing costs in Algonac?
A typical home costs
$221,800, which is 34.4% less expensive than the national average of
$338,100 and 1.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Algonac costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 7.6% more than the state average of
$1,100.
Can I afford Algonac?
To live comfortably in Algonac, Michigan, a minimum annual income of
$42,480 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Algonac?
The cost of living in Algonac, MI is quite reasonable compared to the national average. Groceries and other basic necessities are available at a lower cost than most major cities, while housing costs remain relatively low. Rent for a one-bedroom apartment averages around $850/month, while the median home value is just over $107,000. Utility costs are also quite low, with an average monthly electricity bill of roughly $87. In addition to being affordable, Algonac is known for its friendly atmosphere and welcoming sense of community. All these factors combined make Algonac an ideal place to live and work.