Housing costs in Paw Paw Lake?
A typical home costs
$142,100, which is 58.0% less expensive than the national average of
$338,100 and 35.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Paw Paw Lake costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 14.6% cheaper than the state average of
$1,100.
Can I afford Paw Paw Lake?
To live comfortably in Paw Paw Lake, Michigan, a minimum annual income of
$27,360 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Paw Paw Lake?
The cost of living in Paw Paw Lake, MI is quite affordable. With an overall cost of living index of 83, the city is significantly lower than both the Michigan and national averages. This is largely due to housing costs, which are 18% cheaper than the national average. Other costs of living including utilities, transportation, healthcare, and groceries are all lower than the state and national averages as well. Overall, Paw Paw Lake offers a highly affordable alternative for those looking to save money while enjoying a peaceful lake-side lifestyle.