Twin Lake, MI Cost of Living


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How much do I need to live in Twin Lake, Michigan?
$4,260 / month
for a family, 21.1% less expensive than the national average A total of $51,120 for the year for a family.
$2,667 / month
for a single person, 44.1% less expensive than the national average A total of $32,000 for the year for a single person.

Twin Lake cost of living score
84.1
Less expensive
15.9% lower
than the US average
8.1% lower
than the Michigan average
Twin Lake, Michigan gets a BestPlaces Cost of Living score of 84.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.9% lower than the U.S. average and 8.1% higher than the average for Michigan.

Twin Lake, MI

Housing costs in Twin Lake?
A typical home costs $267,300, which is 20.9% less expensive than the national average of $338,100 and 22.2% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Twin Lake costs $1,040 per month, which is 27.3% cheaper than the national average of $1,430 and 5.8% cheaper than the state average of $1,100.

Can I afford Twin Lake?
To live comfortably in Twin Lake, Michigan, a minimum annual income of $51,120 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Twin Lake?
The cost of living in Twin Lake, MI is quite affordable. The median home price in the area is around $113,000, which is much less than most cities in the United States. In addition, housing costs are low compared to the national average, making it a great place for families and individuals to live. The cost of groceries and other necessities are also reasonable and there are plenty of job opportunities available as well. Overall, Twin Lake offers an affordable and pleasant place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTwin LakeMichiganUnited States
    Unlock91.5100.0
  93.8  Unlock100.0
    Unlock84.8100.0
  80.8  Unlock100.0
    Unlock$218,700$338,100
  97.6  Unlock100.0
    Unlock115.1100.0
  88.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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