Housing costs in Lake Orion?
A typical home costs
$369,400, which is 9.3% more expensive than the national average of
$338,100 and 68.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Orion costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 6.8% more than the state average of
$1,100.
Can I afford Lake Orion?
To live comfortably in Lake Orion, Michigan, a minimum annual income of
$70,920 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Lake Orion?
The cost of living in Lake Orion, MI is quite reasonable for its suburban location. The median home price is around $250,000, which is a little above the national average. However, there are many affordable housing options available in the area. Additionally, there are no state taxes in Michigan and food and transportation costs remain below the national averages. This makes Lake Orion an attractive option for those looking to enjoy a comfortable lifestyle at an affordable price.