Housing costs in Lake township (Benzie County)?
A typical home costs
$656,000, which is 94.0% more expensive than the national average of
$338,100 and 200.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake township (Benzie County) 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 township (Benzie County)?
To live comfortably in Lake township (Benzie County), Michigan, a minimum annual income of
$125,640 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Lake township (Benzie County)?
The cost of living in Lake Township (Benzie County), MI is relatively affordable. The median home value is $118,300, which is lower than the state average of $164,400. Renting a two-bedroom apartment costs around $721 per month, and utilities typically run about $150 per month. Groceries are reasonably priced, with the cost of basic necessities such as milk and bread averaging about $3 each. Eating out frequently can be an expensive habit; however, there are many restaurants offering affordable daily specials. Overall, the cost of living in Lake Township (Benzie County), MI provides a comfortable lifestyle for those who live there.