Zip 49650 (Lake Ann, MI) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Lake Ann, Michigan?
$4,950 / month
for a family, 8.3% less expensive than the national average A total of $59,400 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Lake Ann cost of living score
89.2
Less expensive
10.8% lower
than the US average
2.5% lower
than the Michigan average
Lake Ann (zip 49650), Michigan gets a BestPlaces Cost of Living score of 89.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.8% lower than the U.S. average and 2.5% higher than the average for Michigan.

Zip 49650 (Lake Ann, MI)

Housing costs in Lake Ann?
A typical home costs $309,600, which is 8.4% less expensive than the national average of $338,100 and 41.6% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Lake Ann costs $1,000 per month, which is 30.1% cheaper than the national average of $1,430 and 10.0% cheaper than the state average of $1,100.

Can I afford Lake Ann?
To live comfortably in Lake Ann (zip 49650), Michigan, a minimum annual income of $59,400 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Lake Ann?
49650 Lake Ann, MI is a small rural town in the state of Michigan and as such the cost of living is relatively low compared to larger cities. The median home value is around $111,000, meaning it is affordable to own a home here. Rent is also quite reasonable, with the average rent hovering around $650 per month. Other costs, such as food and utilities are also reasonably priced. Overall living costs in 49650 Lake Ann, MI are very competitive when compared to other towns in its size range.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLake AnnMichiganUnited States
    Unlock91.5100.0
  94.8  Unlock100.0
    Unlock84.8100.0
  78.7  Unlock100.0
    Unlock$218,700$338,100
  95.2  Unlock100.0
    Unlock115.1100.0
  103.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.