Housing costs in Twin Lake?
A typical home costs
$213,900, which is 36.7% less expensive than the national average of
$338,100 and 2.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Twin Lake costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 3.8% cheaper than the state average of
$1,100.
Can I afford Twin Lake?
To live comfortably in Twin Lake (zip 49457), Michigan, a minimum annual income of
$41,040 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Twin Lake?
The cost of living in 49457 Twin Lake, MI is quite reasonable. The overall cost of living index for the area is around 85, which is 15% lower than the national average. Housing costs are particularly low in this area, with an average rental rate of just $731 per month and home prices averaging around $150,000. Taxes in this area are also lower than the national average, making it a great place to live for those on a budget. Other basic necessities such as groceries, healthcare, utilities and transportation are all relatively affordable as well.