Wolverine Lake, MI Cost of Living


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Wolverine Lake cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Wolverine Lake, Michigan gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 14.6% higher than the average for Michigan.

Wolverine Lake, MI

Housing costs in Wolverine Lake?
A typical home costs $260,100, which is 23.1% less expensive than the national average of $338,100 and 18.9% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Wolverine 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 Wolverine Lake?
To live comfortably in Wolverine Lake, Michigan, a minimum annual income of $49,680 for a family, and $48,800 for a single person is recommended.

What does A.I. say about Wolverine Lake?
The cost of living in Wolverine Lake, MI is relatively affordable compared to many other areas. The median home price is generally around $150,000, making it a great place for first-time buyers looking to get their foot in the door. Additionally, rent prices tend to be quite reasonable throughout the city and surrounding suburbs. Taxes are also kept low, making it a great location for retirees and those wanting to keep more of their hard-earned money in their pockets. All in all, Wolverine Lake is an ideal place for anyone looking for a budget-friendly place to call home.
   Cost of living score
     CategoriesWolverine LakeMichiganUnited States
  104.991.5100.0
  97.293.4100
  79.984.8100.0
  89.671.2100.0
  $260,100$218,700$338,100
  99.4%100.1%100.0%
  128.8115.1100.0
  125.595.9100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Wolverine Lake
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Over 14 years ago

There are several families living in this relatively quiet little area, and now that our local drug dealer has moved out the area seems to be crime free. I would  More

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