Lake Orion, Michigan

Cost of living in Lake Orion, Michigan

  • Cost of living compated to USAhigh
  • Cost of living compared to Michiganthe highest
  • Median household incomethe highest

Is it expensive to live in Lake Orion, Michigan? When calculating the cost of living in Lake Orion, 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 Lake Orion, Michigan is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Lake Orion is $95,854 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Lake Orion, Michigan

The sales tax rate in Lake Orion, Michigan is 6.0%. Last year, the average property taxes paid was 1.6% Lake Orion, Michigan.

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

Housing costs in Lake Orion, Michigan

  • The average cost of a single-family home compated to USAhigh
  • The average cost of a single-family home compated to Michiganthe highest

In Lake Orion, Michigan, 75% of the population owns their homes, while approximately 25% rent. The average cost of a single-family home in Lake Orion, Michigan in 2022 is $318,697 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics 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 $870 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$870highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,110the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,400the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,510highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest