Lake Ann, MI Cost of Living


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How much do I need to live in Lake Ann, Michigan?
$4,980 / month
for a family, 7.8% less expensive than the national average A total of $59,760 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Lake Ann cost of living score
89.2
Less expensive
10.8% lower
than the US average
2.5% lower
than the Michigan average
Lake Ann, Michigan gets a BestPlaces Cost of Living score of 89.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.8% lower than the U.S. average and 2.5% higher than the average for Michigan.

Lake Ann, MI

Housing costs in Lake Ann?
A typical home costs $311,000, which is 8.0% less expensive than the national average of $338,100 and 42.2% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Lake Ann costs $1,000 per month, which is 30.1% cheaper than the national average of $1,430 and 10.0% cheaper than the state average of $1,100.

Can I afford Lake Ann?
To live comfortably in Lake Ann, Michigan, a minimum annual income of $59,760 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Lake Ann?
The cost of living in Lake Ann, MI is relatively low compared to surrounding areas. The median home value is estimated at $112,500 and rent costs are typically around $705 per month. Groceries, healthcare, transportation and utilities are also relatively inexpensive in the area. This makes Lake Ann a great option for those looking for a more affordable lifestyle without sacrificing quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLake AnnMichiganUnited States
    Unlock91.5100.0
  94.8  Unlock100.0
    Unlock84.8100.0
  77.6  Unlock100.0
    Unlock$218,700$338,100
  93.6  Unlock100.0
    Unlock115.1100.0
  103.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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