Housing costs in Lake City?
A typical home costs
$179,800, which is 46.8% less expensive than the national average of
$338,100 and 17.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake City costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 26.4% cheaper than the state average of
$1,100.
Can I afford Lake City?
To live comfortably in Lake City, Michigan, a minimum annual income of
$34,560 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in Lake City, MI is very reasonable. The average home price in the area is just below $100,000, and median household income averages around $50,000. The cost of groceries and other necessities is also quite low compared to other parts of Michigan or the Midwest in general. For those looking for a quiet place to live with plenty of outdoor activities nearby, Lake City is an excellent choice.