Reese, Michigan

Cost of living in Reese, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganlow
  • Median household incomehigh

Is it expensive to live in Reese, Michigan? When calculating the cost of living in Reese, 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 Reese, 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 lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Reese is $71,429 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Reese, Michigan

The sales tax rate in Reese, Michigan is 6.0%. Last year, the average property taxes paid was 1.5% Reese, Michigan.

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

Housing costs in Reese, Michigan

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

In Reese, Michigan, 83% of the population owns their homes, while approximately 17% rent. The average cost of a single-family home in Reese, Michigan in 2022 is $184,679 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 $580 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$580the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$760the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$950the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,030the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest