Housing costs in Lansing?
A typical home costs
$121,800, which is 64.0% less expensive than the national average of
$338,100 and 44.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lansing costs
$1,080 per month, which is 1.8% cheaper than the national average of
$1,100 and 3.7% more than the state average of
$1,040.
Can I afford Lansing?
To live comfortably in Lansing (zip 48912), Michigan, a minimum annual income of
$23,400 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Lansing?
48912 Lansing, MI is an affordable place to live with the cost of living being 4.6% lower than the national average. The median home value in the area is $124,400, which is 13.3% lower than the Michigan average. The median rent price for a two-bedroom apartment in 48912 is $770 per month which is 7.2% lower than Michigan's average rental price. Groceries and other household items are also generally cheaper than the national average, making it an ideal location for those looking for an affordable place to live.