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Cost of Living in Michigan | The Right Place Grand Rapids, Michigan is one of the most affordable cities in America, with a reputation as a place where people and businesses can get more for their money. The 2017 . The housing component comprises the second largest share of the composite index since this expense is usually the largest for residents. This takes..
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Education | How is the housing affordability index calculated? Dr. Econ discusses the main drivers of housing affordability: family income and mortgage rates. . indicate that housing remained relatively affordable in 2003. The first is the composite Housing Affordability Index (HAI) published monthly by the National Association of Realtors (NAR). This index measures median household..
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