Cost of Living in Lake Victoria, MI
Population: 1,002 | Michigan
Lake Victoria is 3% less expensive than the national average.
Cost of Living in Lake Victoria, MI: What You Need to Know
With a cost of living index of 97, Lake Victoria, MI is slightly more affordable than average. Living here is 3% cheaper than the national average and 19% above the Michigan state average of 78. Lake Victoria is a small community of 1,002 residents.
The median household income in Lake Victoria is $123,594, which is 64% higher than the national median of $75,149.
Everyday prices in the Lansing-East Lansing, MI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $123,594
- vs US Median ($75,149)
- +64%
Housing
- Median Home Value
- $301,900
- Median Monthly Housing Cost
- $1,383/mo
Everyday Prices in Lake Victoria
BLS Average Prices for the Lansing-East Lansing, MI (Metropolitan Statistical Area) area