Housing costs in Wyoming?
A typical home costs
$224,200, which is 33.7% less expensive than the national average of
$338,100 and 2.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Wyoming costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 3.5% more than the state average of
$1,100.
Can I afford Wyoming?
To live comfortably in Wyoming, Michigan, a minimum annual income of
$42,840 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Wyoming?
Wyoming, Michigan has a cost of living index rating slightly lower than the national average at 97.7 due mostly to its relatively low housing costs making up 33% - far below the national average 42%. Utility costs are also relatively low due to favorable climate conditions allowing for cheaper sources of energy such as natural gas while still enjoying access to similar amenities found citywide from whatever municipality they call home. Transportation makes up approximately 11 percent and healthcare and groceries account for 9% each contributing towards lower overall living expenses when contrasted against many other U.S cities .