Housing costs in Sylvan Lake?
A typical home costs
$321,100, which is 5.0% less expensive than the national average of
$338,100 and 46.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Sylvan Lake costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 13.4% more than the state average of
$1,100.
Can I afford Sylvan Lake?
To live comfortably in Sylvan Lake, Michigan, a minimum annual income of
$61,560 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Sylvan Lake?
Sylvan Lake, MI is an affordable place to live with a cost of living that is 8% lower than the national average. This means that it is possible to find an apartment or home at a reasonable price. Groceries, transportation costs, and healthcare are also generally lower than in other parts of the country. While taxes may be slightly higher due to property taxes, overall expenses still remain relatively low when compared to national averages. All of these factors make Sylvan Lake an attractive option for those looking for a pleasant place to live without breaking the bank.