Housing costs in Lake Fenton?
A typical home costs
$349,700, which is 3.4% more expensive than the national average of
$338,100 and 59.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Fenton costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$1,100.
Can I afford Lake Fenton?
To live comfortably in Lake Fenton, Michigan, a minimum annual income of
$66,960 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Lake Fenton?
The cost of living in Lake Fenton, MI is relatively affordable compared to many other parts of the United States. Although it has a higher median home price than the national average, the overall cost of living is still quite low due to low utility rates and housing costs. In addition, there are no state income taxes in Michigan, which helps to keep costs down even further. Overall, Lake Fenton is an excellent place for people who want to save money on housing and living expenses while still enjoying a high quality of life.