Housing costs in Glen Arbor?
A typical home costs
$685,000, which is 102.6% more expensive than the national average of
$338,100 and 213.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Glen Arbor costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 23.6% more than the state average of
$1,100.
Can I afford Glen Arbor?
To live comfortably in Glen Arbor (zip 49636), Michigan, a minimum annual income of
$131,400 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Glen Arbor?
The cost of living in 49636 Glen Arbor, MI is relatively low compared to other mid-sized cities. The average rent for an apartment is around $800 a month and groceries tend to be fairly inexpensive. Utility costs are also relatively low with the average monthly electric bill being about $80. Property taxes are also quite reasonable at only 0.48% of assessed value, which is one of the lowest rates in Michigan. Overall, living in Glen Arbor offers a great quality of life without breaking the bank.