Housing costs in Bear Lake CDP (Kalkaska County)?
A typical home costs
$109,300, which is 67.7% less expensive than the national average of
$338,100 and 50.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bear Lake CDP (Kalkaska County) costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 37.5% cheaper than the state average of
$1,100.
Can I afford Bear Lake CDP (Kalkaska County)?
To live comfortably in Bear Lake CDP (Kalkaska County), Michigan, a minimum annual income of
$20,880 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Bear Lake CDP (Kalkaska County)?
The cost of living in Bear Lake CDP, MI is quite affordable compared to many other cities and towns. According to the most recent estimates, the median household income is $45,083 and the median home value is $135,800. With an estimated cost of living that is about 5% less than the national average, Bear Lake CDP provides a nice balance between affordability and quality of life. Additionally, taxes tend to be lower than in many other places in Michigan and there are plenty of job opportunities available within the city limits. All of these factors combine to make Bear Lake CDP a wonderful place for families or anyone looking for a low-cost place to call home.