Walloon Lake, MI Cost of Living


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United States / Michigan / No Metro Area / Charlevoix County / Walloon Lake / Zip Codes

Walloon Lake cost of living score
86.6
Less expensive
13.4% lower
than the US average
5.4% lower
than the Michigan average
Walloon Lake, Michigan gets a BestPlaces Cost of Living score of 86.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.4% lower than the U.S. average and 5.4% higher than the average for Michigan.

Walloon Lake, MI

Housing costs in Walloon Lake?
A typical home costs $212,900, which is 37.0% less expensive than the national average of $338,100 and 2.7% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Walloon Lake costs $730 per month, which is 49.0% cheaper than the national average of $1,430 and 50.7% cheaper than the state average of $1,100.

Can I afford Walloon Lake?
To live comfortably in Walloon Lake, Michigan, a minimum annual income of $40,680 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Walloon Lake?
Walloon Lake, MI, is a great place to call home, but the cost of living can vary greatly depending on your lifestyle. The median housing cost in Walloon Lake is $232,900 which is well above the national median of $184,700. Renters will find that rent prices are on the higher side due to the small population and lack of supply. Utilities in Walloon Lake are lower than average when compared to other cities, averaging around $150 per month for basic services. Food costs also tend to be higher than average due to the limited availability of stores and restaurants. Overall, Walloon Lake may not have the cheapest cost of living compared to other cities in Michigan, but its beautiful views and friendly community make it an attractive destination for many people looking for a place to call home.
   Cost of living score
     CategoriesWalloon LakeMichiganUnited States
  86.691.5100.0
  99.693.4100
  84.184.8100.0
  67.171.2100.0
  $212,900$218,700$338,100
  98.1%100.1%100.0%
  86.9115.1100.0
  109.995.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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