Housing costs in Spring Lake?
A typical home costs
$337,700, which is 0.1% less expensive than the national average of
$338,100 and 54.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Spring Lake costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Spring Lake?
To live comfortably in Spring Lake (zip 49456), Michigan, a minimum annual income of
$64,800 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in 49456 Spring Lake, MI is slightly lower than the average cost of living in the United States. The median home value in Spring Lake is approximately $190,000 which is significantly less expensive than similar cities in Michigan. Additionally, the unemployment rate is one of the lowest in Michigan at just 2.4%, and the median household income of $64,780 is above average for the state. All these factors contribute to a relatively low-cost lifestyle. Groceries tend to be more expensive than other parts of the country, but transportation costs are low due to short distances between stores and attractions. Additionally, health care costs are below average compared to other states.