Quick facts: East lansing, MI

Quick Facts

90.0
Cost of Living
below US average
47,340
Population
20.15
Crime Rate per 1000
below US average
$44,094
Median Income
below US average
$279,900
Median House Price
above US average
$1656.5
Average Rent
above US average
19%
Poverty Rate
above US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $44,094.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $44,094
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Income Needed to Rent

⚠ Stretch
$71k/year
Based on $1656.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $71k vs median $44,094
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for East lansing, MI

East Lansing, Michigan, is a vibrant college town best known as the home of Michigan State University (MSU), one of the largest universities in the United States. Located in Ingham County, East Lansing has a diverse population of around 48,000 residents, with a significant portion being students. The city features a dynamic cultural scene, with numerous restaurants, shops, and entertainment options, particularly around the MSU campus. The area is characterized by its beautiful parks and green spaces, including the scenic grasslands of the MSU campus. East Lansing also hosts various annual events, such as the Great Lakes Folk Festival and Festival of the Arts, celebrating local art and culture. The city boasts a strong sense of community, with numerous public amenities and facilities, including libraries and recreational centers. East Lansing offers a range of educational opportunities, not only through its high-ranking university but also via public schools and community-based programs. With its blend of academic rigor, community engagement, and artistic expression, East Lansing remains an appealing destination for students, families, and visitors alike.

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