Zip 48390 (Walled Lake, MI) Cost of Living


1 Reviews



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How much do I need to live in Walled Lake, Michigan?
$4,440 / month
for a family, 17.8% less expensive than the national average A total of $53,280 for the year for a family.
$3,900 / month
for a single person, 18.2% less expensive than the national average A total of $46,800 for the year for a single person.

Walled Lake cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Walled Lake (zip 48390), Michigan gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 14.6% higher than the average for Michigan.

Zip 48390 (Walled Lake, MI)

Housing costs in Walled Lake?
A typical home costs $277,400, which is 18.0% less expensive than the national average of $338,100 and 26.8% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Walled Lake costs $1,490 per month, which is 4.2% more than the national average of $1,430 and 26.2% more than the state average of $1,100.

Can I afford Walled Lake?
To live comfortably in Walled Lake (zip 48390), Michigan, a minimum annual income of $53,280 for a family, and $46,800 for a single person is recommended.

What does A.I. say about Walled Lake?
The cost of living in 48390 Walled Lake, MI is quite reasonable. The median home value in the area is $258,300, which is significantly lower than the national average. Renters also benefit from the affordable rates in the area, with a median rent of $1,245 for a two-bedroom apartment. Additionally, groceries and other essentials are relatively inexpensive compared to other areas in Michigan. In general, 48390 Walled Lake offers a reasonably priced lifestyle for both homeowners and renters alike.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWalled LakeMichiganUnited States
    Unlock91.5100.0
  97.2  Unlock100.0
    Unlock84.8100.0
  91.8  Unlock100.0
    Unlock$218,700$338,100
  99.6  Unlock100.0
    Unlock115.1100.0
  125.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Walled Lake
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Over 13 years ago

I find the cost of my apartment (2 bed/2 bath) in walled lake to be quite affordable as well as it being conveniently located in the middle of  More

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