Housing costs in Walled Lake?
A typical home costs
$211,400, which is 37.5% less expensive than the national average of
$338,100 and 3.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Walled Lake costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 29.0% more than the state average of
$1,100.
Can I afford Walled Lake?
To live comfortably in Walled Lake, Michigan, a minimum annual income of
$40,680 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Walled Lake?
Walled Lake, MI is a great place to live with its convenient location and strong community. The cost of living in Walled Lake is also quite reasonable compared to other areas in the state, making it an even more attractive option. According to the most recent data available, the average housing costs for renters in Walled Lake are slightly lower than the national average, while homeowners benefit from significantly lower property taxes and utility costs than other parts of Michigan. Additionally, groceries and transportation costs tend to be more affordable as well. All these factors make Walled Lake an excellent choice for those looking for a comfortable home at an affordable price.