Housing costs in Lathrup Village?
A typical home costs
$301,600, which is 10.8% less expensive than the national average of
$338,100 and 37.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lathrup Village costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 25.2% more than the state average of
$1,100.
Can I afford Lathrup Village?
To live comfortably in Lathrup Village, Michigan, a minimum annual income of
$57,960 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Lathrup Village?
The cost of living in Lathrup Village, MI is relatively low compared to other areas in the United States. The median household income is around $60,000 and housing prices tend to stay relatively low as well. Food and other basic necessities can also be found at affordable prices throughout the city. Utilities are also reasonably priced for the area, making it very appealing for those looking to save money while still having access to all the amenities a larger city can offer. Overall, Lathrup Village provides an excellent quality of life for its residents at an affordable price.