Housing costs in Michigan City?
A typical home costs
$148,900, which is 56.0% less expensive than the national average of
$338,100 and 32.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Michigan City costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Michigan City?
To live comfortably in Michigan City, Indiana, a minimum annual income of
$28,440 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Michigan City?
The cost of living in Michigan City, IN is relatively low compared to other cities. The median home value is $103,400 and the cost of living index is 83.2, which is 17.8% lower than the national average. Additionally, utilities are quite affordable with an average monthly electric bill of only $54. This makes Michigan City an attractive option for those who want to save money while still having access to basic amenities like transportation, entertainment, and dining options.