Housing costs in Lockport?
A typical home costs
$221,200, which is 34.6% less expensive than the national average of
$338,100 and 1.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lockport costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 34.1% more than the state average of
$1,100.
Can I afford Lockport?
To live comfortably in Lockport, Michigan, a minimum annual income of
$42,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lockport?
Lockport, MI has a cost of living that falls below the national average. The city’s housing market is competitive, with a median house price of $127,300. Residents find that their costs for groceries and healthcare are both below the national averages. Utilities can be higher than average due to Lockport’s rural location, however, transportation costs remain affordable and gas prices are usually lower than in neighboring cities. Overall, Lockport offers residents an affordable cost of living compared to other Michigan cities.