Lakewood Club, MI Cost of Living


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Lakewood Club cost of living score
84.1
Less expensive
15.9% lower
than the US average
8.1% lower
than the Michigan average
Lakewood Club, Michigan gets a BestPlaces Cost of Living score of 84.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.9% lower than the U.S. average and 8.1% higher than the average for Michigan.

Lakewood Club, MI

Housing costs in Lakewood Club?
A typical home costs $176,500, which is 47.8% less expensive than the national average of $338,100 and 19.3% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Lakewood Club costs $1,040 per month, which is 27.3% cheaper than the national average of $1,430 and 5.8% cheaper than the state average of $1,100.

Can I afford Lakewood Club?
To live comfortably in Lakewood Club, Michigan, a minimum annual income of $33,840 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Lakewood Club?
The cost of living in Lakewood Club, MI is generally lower than the national average. Housing costs are especially low, with the median home value averaging around $153,000. The median household income typically ranges from $45,000 to $50,000 per year and the unemployment rate is usually below 5%. Additionally, transportation costs are fairly low as public transportation options are limited. Property taxes are also relatively low compared to other cities across the country, making Lakewood Club a great affordable place to live.
   Cost of living score
     CategoriesLakewood ClubMichiganUnited States
  84.191.5100.0
  93.893.4100
  83.384.8100.0
  52.071.2100.0
  $176,500$218,700$338,100
  97.6%100.1%100.0%
  103.3115.1100.0
  88.395.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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