Housing costs in Trout Lake?
A typical home costs
$152,300, which is 55.0% less expensive than the national average of
$338,100 and 30.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Trout Lake costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 27.9% more than the state average of
$1,100.
Can I afford Trout Lake?
To live comfortably in Trout Lake, Michigan, a minimum annual income of
$29,160 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Trout Lake?
The cost of living in Trout Lake, MI is relatively low compared to many other cities. The median home price in Trout Lake is $119,700, which is considerably lower than the national median of $231,200. Additionally, utilities are also reasonable, with average monthly costs ranging from $150 to $200 for a typical two-bedroom apartment. Furthermore, groceries and other necessities are reasonably priced due to the small population of just over one thousand people. Overall, Trout Lake offers an affordable place to live for those looking for a small town atmosphere without breaking their budget.