Housing costs in Lake Orion?
A typical home costs
$315,800, which is 6.6% less expensive than the national average of
$338,100 and 44.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lake Orion costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 8.3% more than the state average of
$1,100.
Can I afford Lake Orion?
To live comfortably in Lake Orion (zip 48362), Michigan, a minimum annual income of
$60,480 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Lake Orion?
The cost of living in 48362 Lake Orion, MI is relatively low compared to other areas. The median home value is around $247,200 and the median rent is around $1,200 per month. Utilities are reasonably priced and groceries can be found for a reasonable cost. The overall cost of living in this area is moderate and manageable for most people.