Housing costs in Lincoln Park?
A typical home costs
$129,800, which is 61.6% less expensive than the national average of
$338,100 and 40.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lincoln Park costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 6.8% cheaper than the state average of
$1,100.
Can I afford Lincoln Park?
To live comfortably in Lincoln Park, Michigan, a minimum annual income of
$24,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lincoln Park?
Living in Lincoln Park, MI is relatively affordable. According to the BestPlaces Bureau, the median home value in the city is around $60,000, which is much lower than the national average of approximately $200,000. Additionally, goods and services are generally reasonably priced compared to other parts of the country, meaning that overall living expenses tend to be below average. The cost of utilities such as electricity and water are also competitively priced compared to other areas of Michigan and across the United States. In short, Lincoln Park offers a great quality of life at an affordable cost for all types of residents.