Housing costs in Hancock?
A typical home costs
$149,700, which is 55.7% less expensive than the national average of
$338,100 and 31.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Hancock costs
$820 per month, which is 25.5% cheaper than the national average of
$1,100 and close to the state average of
$830.
Can I afford Hancock?
To live comfortably in Hancock (zip 49930), Michigan, a minimum annual income of
$28,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hancock?
The cost of living in 49930 Hancock, MI is relatively low compared to many other locations in the United States. The median household income is approximately $38,152 per year, while the median home value is $103,844. This makes it an affordable place to live for individuals and families alike. Additionally, utilities in Hancock are reasonable, with an average rate of just over $120 per month for electricity and natural gas. Property taxes are also quite low, at only around 1% of the purchase price of a property. Overall, living in Hancock is not expensive and offers a great quality of life at a very low cost.