Housing costs in Cedar CDP (Leelanau County)?
A typical home costs
$407,200, which is 20.4% more expensive than the national average of
$338,100 and 86.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Cedar CDP (Leelanau County) costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Cedar CDP (Leelanau County)?
To live comfortably in Cedar CDP (Leelanau County), Michigan, a minimum annual income of
$78,120 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Cedar CDP (Leelanau County)?
The cost of living in Cedar, MI is relatively low compared to other areas of the country. The median home value is just under $150,000, and the median household income sits at around $50,000 a year. Property taxes are also quite low as well, which helps keep housing costs down. Goods and services are typically slightly more expensive than the national average, however there are still many affordable options for those looking to live in the community. Overall, Cedar, MI offers a great quality of life at an affordable price.