Housing costs in Richmond?
A typical home costs
$260,000, which is 23.1% less expensive than the national average of
$338,100 and 18.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Richmond costs
$1,030 per month, which is 6.4% cheaper than the national average of
$1,100 and 18.4% cheaper than the state average of
$1,220.
Can I afford Richmond?
To live comfortably in Richmond (zip 48062), Michigan, a minimum annual income of
$49,680 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in the 48062 zip code of Richmond, MI is fairly affordable, making it an attractive place to live for families and individuals alike. According to Sperling's 黑料社区, food and groceries are around 3% lower than the national average, while healthcare expenses are slightly higher at 7% over the average. Housing costs in this area are also slightly below the national average, with median home values around $120,000 compared to $200,000 nationally. Additionally, unemployment rates in this area remain below the state and national averages. All of these factors make Richmond a great place to settle down while still enjoying a relatively low cost of living.