Housing costs in Bingham township (Leelanau County)?
A typical home costs
$441,700, which is 30.6% more expensive than the national average of
$338,100 and 102.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bingham township (Leelanau County) costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 10.6% more than the state average of
$1,100.
Can I afford Bingham township (Leelanau County)?
To live comfortably in Bingham township (Leelanau County), Michigan, a minimum annual income of
$84,600 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Bingham township (Leelanau County)?
Bingham Township, located in Leelanau County, MI, has a cost of living that is slightly higher than the U.S. national average. The cost of housing is especially high due to the area's popularity as a tourist destination; however, many people find it worth it to live in such a beautiful setting. The median home price in Bingham Township is $276,000 and most rentals range from $400-900 per month. The overall cost of living index for Bingham Township is significantly higher at 111 compared to 88 for the US average - almost 25% higher on average. Fortunately, transportation costs are quite reasonable and food prices are fairly low compared to other areas. Overall, the cost of living in Bingham Township can be steep but those who live there can enjoy a lifestyle with great outdoor activities and stunning views of Lake Michigan and its surrounding area year round.