Housing costs in Lawrence?
A typical home costs
$197,100, which is 41.7% less expensive than the national average of
$338,100 and 9.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lawrence costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 26.4% cheaper than the state average of
$1,100.
Can I afford Lawrence?
To live comfortably in Lawrence (zip 49064), Michigan, a minimum annual income of
$37,800 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lawrence?
The cost of living in 49064 Lawrence, MI is very affordable. Housing costs are relatively low compared to the rest of Michigan and the nation as a whole. The median home value is roughly $102,000, which is much lower than the national average of $184,700. Utilities typically cost around $100-150 per month depending on usage and providers. Groceries and other items are also reasonably priced thanks to the low tax rate in Michigan. Overall, living in 49064 Lawrence can be convenient and inexpensive for those on a budget.