Housing costs in Grand Ledge?
A typical home costs
$257,600, which is 23.8% less expensive than the national average of
$338,100 and 17.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Ledge costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% cheaper than the state average of
$1,100.
Can I afford Grand Ledge?
To live comfortably in Grand Ledge, Michigan, a minimum annual income of
$49,320 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Grand Ledge?
Grand Ledge, MI has a relatively moderate cost of living compared to other cities in the US. According to BestPlaces, Grand Ledge’s cost of living index is 80, which is 20 points lower than the US average of 100. This means that most goods and services including groceries, housing, healthcare, transportation, and utilities are cheaper than average in Grand Ledge. The median home value in Grand Ledge is $126,200 which is significantly lower than the national median home value of $231,000. Additionally, the median household income in Grand Ledge is $59,206 which is slightly higher than the national median household income of $57,652. All these factors make for a very attractive cost of living that can be enjoyed by residents in Grand Ledge.