Housing costs in Leonard?
A typical home costs
$396,300, which is 17.2% more expensive than the national average of
$338,100 and 81.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Leonard costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 19.1% more than the state average of
$1,100.
Can I afford Leonard?
To live comfortably in Leonard (zip 48367), Michigan, a minimum annual income of
$75,960 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Leonard?
Living in 48367 Leonard, MI can be quite affordable. The median home cost in the area is $187,800, which is considerably lower than the national average of $231,200. Additionally, the median household income is around $53,750 which is a bit above the national median. The cost of living index for this zip code is 84.2 which is well below the national average of 100 and indicates that costs of goods and services here are relatively low compared to the rest of the country. In general, Leonard residents can enjoy a good quality of life with an affordable cost of living.