Housing costs in Lake township (Menominee County)?
A typical home costs
$159,300, which is 52.9% less expensive than the national average of
$338,100 and 27.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake township (Menominee County) costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 29.4% more than the state average of
$1,100.
Can I afford Lake township (Menominee County)?
To live comfortably in Lake township (Menominee County), Michigan, a minimum annual income of
$30,600 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lake township (Menominee County)?
The cost of living in Lake Township (Menominee County), MI is quite low compared to other areas of the country. The median household income is just over $43,000 and the median home price is $93,800. This makes it a great place to purchase a home or rent an apartment at a very reasonable rate. In addition, utilities are also relatively affordable in this area and there are plenty of options for groceries and dining out. Overall, Lake Township has an excellent quality of life that can be enjoyed on a budget.