Cost of living in Central Lake, Michigan

Cost of living
compared to USA

the lowest

Cost of living
compared to Michigan

high

Median household
income

low

Is it expensive to live in Central Lake, Michigan? When calculating the cost of living in Central 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 Central 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 highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Central Lake is $48,194 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 Central Lake, Michigan

The sales tax rate in Central Lake, Michigan is 6.0%. Last year, the average property taxes paid was 1.1% Central Lake, Michigan.

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

Housing costs in Central Lake, Michigan

The average cost of
a single-family home
compated to USA

moderate

The average cost of
a single-family home
compated to Michigan

high

In Central Lake, Michigan, 78.0% of the population owns their homes, while approximately 22.0% rent. The average cost of a single-family home in Central Lake, Michigan in 2023 is $315,072 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 $[no data] per month.

Rental Size	Monthly Cost	Compared 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