Housing costs in Lake Orion?
A typical home costs
$354,400, which is 4.8% more expensive than the national average of
$338,100 and 62.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Orion costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 24.1% more than the state average of
$1,100.
Can I afford Lake Orion?
To live comfortably in Lake Orion (zip 48360), Michigan, a minimum annual income of
$68,040 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Lake Orion?
The cost of living in 48360 Lake Orion, MI is slightly higher than the national average, but still relatively inexpensive. Housing costs are lower than the US average, with median home values at around $196,000 compared to the US median of $231,200. Additionally, utilities are below the US average, while groceries and transportation costs remain close to the national average. Overall, 48360 Lake Orion is an affordable area for most families to live in without sacrificing basic necessities or luxuries.