Housing costs in Lincoln Park?
A typical home costs
$129,100, which is 61.8% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lincoln Park costs
$1,030 per month, which is 6.4% cheaper than the national average of
$1,100 and 18.4% cheaper than the state average of
$1,220.
Can I afford Lincoln Park?
To live comfortably in Lincoln Park (zip 48146), Michigan, a minimum annual income of
$24,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lincoln Park?
The cost of living in 48146 Lincoln Park, MI is relatively affordable. According to BestPlaces, the overall cost of living index is 87.95, which is 13% lower than the US average. This includes costs such as groceries, transportation, restaurants, and rent. Groceries are particularly inexpensive compared to other parts of Michigan and the USA at large; in fact, BestPlaces reports that groceries are 7.50% cheaper than the national average. Transportation costs are also below average for most modes of travel, such as public transit and taxis. The median rent price for a one-bedroom apartment in this area is $691 per month while utilities range from $110-$130 depending on usage. Additionally, most restaurants offer reasonable prices with plenty of options for take-out or delivery. All in all, Lincoln Park offers a very comfortable cost of living for those looking for an affordable place to live.