Housing costs in Lake City?
A typical home costs
$176,300, which is 47.9% less expensive than the national average of
$338,100 and 19.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake City costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Lake City?
To live comfortably in Lake City (zip 49651), Michigan, a minimum annual income of
$33,840 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in Lake City, MI is quite reasonable. Groceries tend to be slightly cheaper than the national average, while housing prices are a bit higher, especially for larger homes. However, utilities and transportation costs are on par with the rest of Michigan. Overall, it is quite affordable to live in Lake City and it's an ideal place for those who want to live in a small town atmosphere while still enjoying access to big city amenities.