Shoreham, Michigan

Cost of living in Shoreham, Michigan

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

Is it expensive to live in Shoreham, Michigan? When calculating the cost of living in Shoreham, 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 Shoreham, 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 Shoreham is $91,389 which is the highest 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 Shoreham, Michigan

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

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

Housing costs in Shoreham, Michigan

  • The average cost of a single-family home compated to USAhigh
  • The average cost of a single-family home compated to Michiganthe highest

In Shoreham, Michigan, 73% of the population owns their homes, while approximately 27% rent. The average cost of a single-family home in Shoreham, Michigan in 2022 is $279,604 which is highAnalytics 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. The average one-bedroom apartment cost is approximately $700 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$700lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$900moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,160moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,330moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest