Housing costs in Lansing?
A typical home costs
$132,000, which is 61.0% less expensive than the national average of
$338,100 and 39.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lansing costs
$940 per month, which is 14.5% cheaper than the national average of
$1,100 and 10.6% cheaper than the state average of
$1,040.
Can I afford Lansing?
To live comfortably in Lansing (zip 48933), Michigan, a minimum annual income of
$25,200 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Lansing?
Living in 48933 Lansing, MI is a cost effective option for many people due to its relatively low cost of living compared to other areas in the state. The median home value in the area is around $169,500, making it much more affordable than other cities like Detroit and Grand Rapids. Additionally, utilities are lower here than in many larger cities, and food costs are also generally lower. Transportation costs may be higher due to the lack of public transportation options, but overall, living in 48933 Lansing, MI can provide an affordable lifestyle for those who choose it.