When comparing the cost of living in different cities, Reed City, MI has the lowest cost of living. The cost of living in Reed City, MI is below the national average and lower than most of its neighboring cities. When comparing the cost of living in different cities, consider that some areas are more expensive than others on a state and federal level. When it comes to housing, utilities and groceries, Reed City, MI is cheaper than the national average.
In terms of education and the cost of living, Reed City is above average. There are about 2,625 people living in Reed City. Compared to other smaller cities, it has a high poverty rate, with a 22.8% poverty rate. However, this is still lower than the national average of ten to thirteen percent. If you're looking to buy a home in Reed City, MI, consider making a move.
The median property value in Reed City, MI is $70,800, which is 0.294 times lower than the national average. This amount of income grew from $67,300 in 2018 to $70,800 in 2019. In addition, the median homeownership rate is 56.9%, which is below the national average of 64.1%. Residents of Reed City, MI drive an average of 24 minutes to work. They own two cars per household.
According to the Census Bureau, the median income in Reed City, Michigan is $22,278 for males and $30,837 for females. While the population of the city is relatively small, its median income is still large enough to make a home in Reed City. In addition, Reed City has many properties for sale, including large tracts of land. If you're considering purchasing a home in the city, you can visit a home in Reed City to find a great deal on a home.