Elk township (Lake County), Michigan

Cost of living in Elk township (Lake County), Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganthe lowest
  • Median household incomelow

Is it expensive to live in Elk township (Lake County), Michigan? When calculating the cost of living in Elk township (Lake County), Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Elk township (Lake County), Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Elk township (Lake County) is $50,089 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Elk township (Lake County), Michigan

The sales tax rate in Elk township (Lake County), Michigan is 6.0%. Last year, the average property taxes paid was 1.4% Elk township (Lake County), Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Elk township (Lake County), Michigan

  • The average cost of a single-family home compated to USAlow
  • The average cost of a single-family home compated to Michiganlow

In Elk township (Lake County), Michigan, 96% of the population owns their homes, while approximately 4% rent. The average cost of a single-family home in Elk township (Lake County), Michigan in 2022 is $170,824 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $[no data] per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest