Housing costs in Grand Ledge?
A typical home costs
$250,400, which is 25.9% less expensive than the national average of
$338,100 and 14.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Ledge costs
$1,020 per month, which is 7.3% cheaper than the national average of
$1,100 and 2.0% cheaper than the state average of
$1,040.
Can I afford Grand Ledge?
To live comfortably in Grand Ledge (zip 48837), Michigan, a minimum annual income of
$47,880 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Grand Ledge?
The cost of living in 48837 Grand Ledge, MI is slightly higher than the U.S. average. According to Best Places, the cost of living index for the area is 102.7 compared to the national average of 100. The median household income for the area is $57,222 which is significantly higher than the national average and gives residents more opportunities to save money on everyday items and services. In addition, housing costs are relatively low with a median home value of $129,400 compared to the national average of $184,700. This helps to offset other costs such as groceries, utilities and transportation which may be slightly higher than other areas. All in all, 48837 Grand Ledge offers an affordable cost of living with plenty of amenities for residents to enjoy.