Housing costs in Olivet?
A typical home costs
$192,800, which is 43.0% less expensive than the national average of
$338,100 and 11.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Olivet costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,100.
Can I afford Olivet?
To live comfortably in Olivet (zip 49076), Michigan, a minimum annual income of
$37,080 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Olivet?
The cost of living in 49076 Olivet, MI is relatively affordable compared to other towns and cities in the United States. According to most surveys, the cost of living index for the city is about 3% lower than the national average. This means that groceries, housing, utilities, healthcare, and transportation are all cheaper here than they are on average across the country. Rent prices tend to be much lower than in many other parts of Michigan and the nation as a whole which makes it an attractive place for people who want affordable housing without sacrificing quality. Additionally, taxes are also quite low which adds to its overall affordability. All these factors make 49076 Olivet a great place to live with plenty of amenities at a relatively low cost.