72nd most affordable of 199 in Metro Detroit
Cost of Living in Lake Orion, MI
A typical home in Lake Orion costs about $1,615 a month, 19.1% of the median household income of $101,318. That makes Lake Orion the 23rd most affordable of 56 places in Oakland County and 72nd of 199 across Metro Detroit.
- Median rent a month
- $798
- Median home value
- $376,600
- Owner cost with a mortgage
- $2,431
- Of income on housing
- 19.1%
Lake Orion against Oakland County and the metro
| Census median | Lake Orion | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $798 | $1,376 | $1,207 |
| Median home value | $376,600 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,431 | $1,998 | $1,720 |
| Median household income (yearly) | $101,318 | $97,760 | $76,664 |
| Share of income on housing | 19.1% | 20.7% | 22.9% |
Ranked 23rd most affordable of 56 in Oakland County. See all 56.
Cost of living near Lake Orion
The towns around Lake Orion, each with its own page.
- Orion Township Rent $1,327 · Home $369,900 27th most affordable in the metro
- Oxford Rent $962 · Home $347,800 127th most affordable in the metro
- Oakland Township Rent $2,189 · Home $588,900 39th most affordable in the metro
- Addison Township Rent $1,102 · Home $416,700 37th most affordable in the metro
- Auburn Hills Rent $1,477 · Home $245,000 126th most affordable in the metro
- Independence Township Rent $1,453 · Home $381,700 59th most affordable in the metro
- Brandon Township Rent $1,048 · Home $331,000 82nd most affordable in the metro
- Rochester Rent $1,350 · Home $473,200 84th most affordable in the metro
Living in Lake Orion
- Homes for sale in Lake Orion Listings and off-market deals
- Rentals in Lake Orion Houses and apartments for rent
- Lake Orion neighborhoods Every neighborhood on a map
- Lake Orion crime rate From Lake Orion's own police reports
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Lake Orion city guide Pros, homes and city services
Lake Orion cost of living questions
5 questions
Is Lake Orion, MI expensive to live in?
A typical home in Lake Orion takes 19.1% of the median household income, against 22.9% across Metro Detroit, which ranks it 72nd most affordable of 199 places.
What is the average rent in Lake Orion?
The median gross rent is $798 a month, rent plus the utilities the renter pays, 34% below the metro.
How much does a house cost in Lake Orion?
Owners put the median home value at $376,600, 51% above the metro. With a mortgage, the median owner pays $2,431 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Lake Orion?
Spending no more than 30% of income on housing, the usual rule, a typical Lake Orion home at $1,615 a month calls for about $65,000 a year. The median household here earns $101,318.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Lake Orion. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.