Housing costs in Laketown?
A typical home costs
$449,200, which is 32.9% more expensive than the national average of
$338,100 and 105.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Laketown costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 3.5% more than the state average of
$1,100.
Can I afford Laketown?
To live comfortably in Laketown, Michigan, a minimum annual income of
$86,040 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Laketown?
The cost of living in Laketown, MI is quite reasonable. The median home price is around $122,000 which is less expensive than the national average. Other necessities such as food and clothing are relatively affordable as well. Utilities tend to be slightly higher than the national average, but overall cost of living in Laketown remains very reasonable. Furthermore, the high earning potential due to all the industry in the area helps to offset any additional costs that may come with living in Laketown.