Housing costs in Lansing?
A typical home costs
$128,200, which is 62.1% less expensive than the national average of
$338,100 and 41.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lansing costs
$990 per month, which is 10.0% cheaper than the national average of
$1,100 and 5.1% cheaper than the state average of
$1,040.
Can I afford Lansing?
To live comfortably in Lansing (zip 48906), Michigan, a minimum annual income of
$24,480 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lansing?
The cost of living in 48906 Lansing, MI is relatively affordable compared to many other areas in the United States. While grocery and housing prices are comparable to those of other mid-sized cities, transportation costs are quite low with public transport options available at a reasonable price. Furthermore, Lansing offers a variety of entertainment options that won’t break the bank, such as numerous parks and recreational activities. Finally, the overall cost of goods and services in this area is lower than average due to its proximity to Michigan State University which helps keep costs down for students and residents alike.