Housing costs in Lawrence?
A typical home costs
$189,100, which is 44.1% less expensive than the national average of
$338,100 and 13.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lawrence costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 26.4% cheaper than the state average of
$1,100.
Can I afford Lawrence?
To live comfortably in Lawrence, Michigan, a minimum annual income of
$36,360 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lawrence?
Lawrence, MI has a relatively low cost of living compared to the national average. The median home value in Lawrence is around $125,000, and the median household income is just over $60,000. There are also many affordable rental options available at an average monthly cost of about $1,200. Food and utilities are both relatively inexpensive in this area, making it an ideal place for those on a budget. Overall, Lawrence is a great place to live with its lower cost of living and great amenities.