Housing costs in Houghton Lake?
A typical home costs
$123,700, which is 63.4% less expensive than the national average of
$338,100 and 43.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Houghton Lake costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,100.
Can I afford Houghton Lake?
To live comfortably in Houghton Lake (zip 48630), Michigan, a minimum annual income of
$23,760 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Houghton Lake?
48630 Houghton Lake, MI is known for its relatively low cost of living compared to other cities in Michigan. It has a median home value of $91,400 and the median rent is around $866 per month. The overall cost of living index is 84.6 which is significantly lower than other cities in the state. Groceries, transportation and health care are especially affordable when compared to other places in Michigan. Tax-wise, both income tax and sales tax are fairly low as well. All in all, Houghton Lake offers a great quality of life at an affordable price!