Housing costs in South Lyon?
A typical home costs
$400,600, which is 18.5% more expensive than the national average of
$338,100 and 83.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in South Lyon costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 17.3% more than the state average of
$1,100.
Can I afford South Lyon?
To live comfortably in South Lyon, Michigan, a minimum annual income of
$76,680 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about South Lyon?
South Lyon, MI is a great place to live and it is also affordable. The cost of living in South Lyon is lower than the national average, making it a desirable destination for those looking for an affordable place to call home. Housing costs are particularly low at 7% below the national average, meaning that potential residents can find great homes in the area without breaking their budget. Other costs such as groceries, healthcare and utilities are also competitively priced, which helps to make South Lyon a great place to live on any budget.