Housing costs in Otter Lake?
A typical home costs
$191,700, which is 43.3% less expensive than the national average of
$338,100 and 12.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Otter Lake 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 Otter Lake?
To live comfortably in Otter Lake, Michigan, a minimum annual income of
$36,720 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Otter Lake?
The cost of living in Otter Lake, MI is relatively low compared to the national average. The cost of housing is especially affordable, with an average home costing around $132,000 - significantly lower than many other areas in the country. The area is known for its low taxes and utilities, making it an ideal spot for retirees or those looking to stretch their budget. Despite being so affordable, Otter Lake boasts a variety of amenities and services that make the town feel like a nice place to live.