Twin Lake, Michigan

Cost of living in Twin Lake, Michigan

  • Cost of living compared to USAthe lowest
  • Cost of living compared to Michiganthe lowest
  • Median household incomethe highest

Is it expensive to live in Twin Lake, Michigan? When calculating the cost of living in Twin Lake, 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 Twin Lake, 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 Twin Lake is $83,669 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 Twin Lake, Michigan

The sales tax rate in Twin Lake, Michigan is 6.0%. Last year, the average property taxes paid was 1.7% Twin Lake, Michigan.

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

Housing costs in Twin Lake, Michigan

  • The average cost of a single-family home compared to USAmoderate
  • The average cost of a single-family home compared to Michiganhigh

In Twin Lake, Michigan, 98.0% of the population owns their homes, while approximately 2.0% rent. The average cost of a single-family home in Twin Lake, Michigan in 2022 is $238,557 which is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics 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 $790 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$790moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,030moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,290moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,380lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest