MSN has rated the Lansing/East Lansing area number two on its Top Five list of the most affordable places in the country to live for median income families.
According to excerpts from the article:
Lansing, located on the banks of the Grand River, is the state capital.
A two-hour drive from Detroit, it is next to East Lansing, home of
Michigan State University's 5,200-acre campus. Like much of the
Midwest, prices in the Lansing area never skyrocketed during the
housing boom and remain affordable for most people with a median income.
Homes affordable to median-income families: 96.2%
Affordable homes Q2 2004: 90.6%
Median home price: $88,000
Median family income: $67,000
Unemployment rate: 12.7%
Read the entire article here.
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