C-

Lake George, MI

Source:

Affordability Score: 50/100

Population: 210 · 1 ZIP codes

The affordability dashboard for Lake George, MI aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 210 residents, then layers in county-level federal data to produce an overall grade of C- (50/100). The headline inputs are median household income of $48,261, median home value of $164,300, median rent of - per month, and 31.6% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $986 per month (studio $698, 1BR $751, 3BR $1,189, 4BR $1,611). Department of Labor data lists infant center-based childcare at $7,230 per year, consuming 15% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages, so the grade is genuinely comparable across any city in the country. Pressure points are income. Unemployment currently reads 13.9% and poverty 12.6% - numbers worth keeping alongside the headline grade.

Score Breakdown

Income F
$48,261
Median household income
Education C-
31.6%
Bachelor's degree or higher
Housing C-
3.4x
Home value $164,300 vs income
Commute N/A
N/A
Average commute time
Rent B-
$986/mo
2BR fair market rent (25% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C-
$7,230/yr
Center-based infant care (15% of income)

Income & Employment

Median Income
$48,261
▼ 22% vs national
Per Capita Income
$39,782
Unemployment Rate
13.9%
Poverty Rate
12.6%

Housing

Median Home Value
$164,300
▼ 40% vs national
Median Rent
-
Owner Occupied
100.0%
2BR Fair Market Rent
$986/mo
▼ 18% vs national

Fair Market Rents by Bedroom

Studio
$698
1BR
$751
2BR
$986
3BR
$1,189
4BR
$1,611

Safety

Violent Crime Rate
-
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
31.6%
▲ 2 ppt vs national
High School+
51.6%
Median Age
66.7
Avg. Commute
-

Childcare Costs

Infant (Center)
$7,230/yr
15% of income
Toddler (Center)
$7,230/yr
Preschool (Center)
$6,820/yr
School-Age (Center)
$6,117/yr

What This Means

Lake George, MI receives an overall affordability grade of C- (50/100), aggregated from 1 ZIP codes with a total population of 210. Challenges include income. Data was unavailable for commute, safety – these dimensions were excluded from the overall score.

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What are common questions about this dashboard?

Is Lake George, MI affordable?
Lake George, MI receives an overall affordability grade of C- (50/100) based on Census, HUD, FBI, and DOL data. Median household income is $48,261. Median home value is $164,300.
What is the cost of living in Lake George?
Key cost metrics: 2BR fair market rent $986/mo. Infant childcare $7,230/yr. Median home value $164,300.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →