What is the cheapest housing market in Michigan?
The cheapest housing market in Michigan is Flint. The average home value in Flint is $31,700, the lowest in the state. The average home value in Michigan is $162,600, almost 5.1 times higher than Flint.
Located in eastern Michigan, Flint has a population of about 95,999. Part of the reason Flint has the cheapest housing market is because it has more crime than the Michigan average crime rate.
People Also Ask About Michigan
Is Michigan a dangerous state?
No, Michigan is not a dangerous state as it ranks as the #25 safest state in the United States based on our analysis of the latest FBI Crime Data. The violent crime rate in Michigan ranks tenth most dangerous in the United States -- 29.26% worse than US average violent crime rate. The property crime rate in the Wolverine State ranks 43rd most dangerous in the United States -- 30.37% better than US average property crime rate. The latest reporting year from the FBI was 2022.
Is Detroit, MI a dangerous city?
Yes, Detroit is a dangerous city. Detroit ranks as the #13 most dangerous out of 328 major cities over 100,000 people in the United States based on our analysis of the latest FBI Crime Data. Keep in mind that are always safe and dangerous parts of any city, so even though Detroit might be considered dangerous you still need to be aware of where you are. For example, West Side Industrial is the safest in Detroit, while Greensbriar is considered dangerous by many based on recent crime stats.
Compared to other big cities, the violent crime rate in Detroit ranks second highest in America -- 266.36% worse than US average violent crime rate. The property crime rate in the ranks 3highest in the United States -- 64.11% worse than US average property crime rate. Note the latest reporting year from the FBI was 2022 and that no city in America is "dangerous". Despite the uptick in murders, it's nothing like you'd see in Tijuana or Caracas where the murder rate is 2x any American city.
What county in Michigan has the lowest cost of living?
The county in Michigan with the lowest cost of living is Lapeer County. The average living wage in Lapeer County is $100,631 according to MIT data. Lapeer County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Michigan as a whole. Childcare costs $26,186 a year in Lapeer County for two children compared to the Michigan average of $28,018. Housing costs, defined as a blend of the average rent and average mortgage payment, are $12,588 per year in Lapeer County compared to $11,412 on average in Michigan.
What is the cost of living in Michigan?
The cost of living in Michigan is 13.0% higher than the US average. According to MIT, the required living wage for a family of four with two working parents in Michigan is $101,378 vs the national average for a family of four with two working parents of $89,744. The median income of a Michigan household is $59,234.