Housing costs in Leonard?
A typical home costs
$434,000, which is 28.4% more expensive than the national average of
$338,100 and 98.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Leonard costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 20.3% more than the state average of
$1,100.
Can I afford Leonard?
To live comfortably in Leonard, Michigan, a minimum annual income of
$83,160 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Leonard?
The cost of living in Leonard, MI is quite affordable compared to many other cities. According to data from the BestPlaces Bureau, the median household income in Leonard is just under $53,000 - well below the national median of nearly $60,000. The median house value in Leonard is approximately $186,000 and the median rent price for a two-bedroom apartment is around $1,200 per month. Furthermore, utilities are quite reasonable with an average electric bill of about $120 per month and natural gas prices typically falling between $75-$100 monthly. All these factors combine to make living in Leonard a great economic option for anyone looking for a reasonably priced place to live.