Buchanan township, Michigan

Cost of living in Buchanan township, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganhigh
  • Median household incomemoderate

Is it expensive to live in Buchanan township, Michigan? When calculating the cost of living in Buchanan township, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Buchanan township, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Buchanan township is $56,475 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Buchanan township, Michigan

The sales tax rate in Buchanan township, Michigan is 6.0%. Last year, the average property taxes paid was 1.3% Buchanan township, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Buchanan township, Michigan

  • The average cost of a single-family home compated to USAmoderate
  • The average cost of a single-family home compated to Michiganmoderate

In Buchanan township, Michigan, 95% of the population owns their homes, while approximately 5% rent. The average cost of a single-family home in Buchanan township, Michigan in 2022 is $190,046 which is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $623 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$623the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$803the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,039the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,170the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest