Canadian Lakes, MI Cost of Living


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Canadian Lakes cost of living score
79
Less expensive
21.0% lower
than the US average
13.7% lower
than the Michigan average
Canadian Lakes, Michigan gets a BestPlaces Cost of Living score of 79, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.0% lower than the U.S. average and 13.7% higher than the average for Michigan.

Canadian Lakes, MI

Housing costs in Canadian Lakes?
A typical home costs $225,500, which is 33.3% less expensive than the national average of $338,100 and 3.1% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Canadian Lakes costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 29.4% cheaper than the state average of $1,100.

Can I afford Canadian Lakes?
To live comfortably in Canadian Lakes, Michigan, a minimum annual income of $43,200 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Canadian Lakes?
The cost of living in Canadian Lakes, MI is quite reasonable. The median home price is around $120,000, which is lower than the national average and provides great value for those looking to settle in the area. Prices on goods and services are also lower than many nearby areas making it a great option for those looking to save money. The unemployment rate in Canadian Lakes is also low, providing a higher quality of life for residents and making it easy to find a job or start a business.
   Cost of living score
     CategoriesCanadian LakesMichiganUnited States
  79.091.5100.0
  94.393.4100
  82.484.8100.0
  57.471.2100.0
  $225,500$218,700$338,100
  98.8%100.1%100.0%
  92.6115.1100.0
  83.495.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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