Housing costs in Lake Leelanau?
A typical home costs
$591,700, which is 75.0% more expensive than the national average of
$338,100 and 170.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Leelanau costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 14.7% more than the state average of
$1,100.
Can I afford Lake Leelanau?
To live comfortably in Lake Leelanau (zip 49653), Michigan, a minimum annual income of
$113,400 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Lake Leelanau?
The cost of living in 49653 Lake Leelanau, MI is slightly higher than the national average, but still relatively affordable. The median home value here is approximately $265,800, which is much higher than the national median of $184,700. Despite this higher cost of entry into the market, a 2 bedroom apartment still averages at around $1,100 per month in rent. Groceries are also more expensive than other areas of the country. However, utilities are below the national average at an estimated 10% lower than the average rate. This helps to offset some of the higher prices associated with other living costs such as housing and groceries.