Housing costs in Lake Orion?
A typical home costs
$329,700, which is 2.5% less expensive than the national average of
$338,100 and 50.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Orion costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 19.1% more than the state average of
$1,100.
Can I afford Lake Orion?
To live comfortably in Lake Orion (zip 48359), Michigan, a minimum annual income of
$63,000 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Lake Orion?
The cost of living in 48359 Lake Orion, MI is quite reasonable. The median home price in the area is around $250,000, which is significantly lower than the average for the state of Michigan. Rent prices are also relatively low compared to other areas in the state, with typical one-bedroom units ranging from $650 to $1,100 a month. Additionally, food and transportation costs are extremely affordable due to their proximity to Detroit and other major cities nearby. Consequently, 48359 provides a great opportunity for those looking for a comfortable lifestyle without breaking the bank.