Housing costs in Lakeport?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lakeport costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,100.
Can I afford Lakeport?
To live comfortably in Lakeport, Michigan, a minimum annual income of
$30,960 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Lakeport?
The cost of living in Lakeport, MI is considerably lower than the US average. According to recent surveys, the US average cost of living is 100 while the cost of living in Lakeport, MI is significantly less. This affordability not only makes it easier to afford basic necessities but also provides an opportunity to invest in real estate; with a median house value at roughly $338,100 according to recent surveys - much lower than the US average - it a great place for potential buyers looking for more bang for their buck.