Quick facts: Lyons, MI

Quick Facts

94.9
Cost of Living
below US average
778
Population
38.56
Crime Rate per 1000
above US average
$69,023
Median Income
below US average
$299,900
Median House Price
above US average
$1072.5
Average Rent
below US average
10%
Poverty Rate
below US average
4.2%
Unemployment Rate
above 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 $69,023.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $69,023
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Income Needed to Rent

βœ“ Affordable
$46k/year
Based on $1072.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($69,023) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lyons, MI

Lyons is a quaint village located in Ionia County, Michigan, situated along the picturesque banks of the Grand River. Known for its small-town charm, Lyons features a close-knit community and an array of local events and activities that foster interaction among residents. The village serves as a peaceful retreat, surrounded by natural beauty and rural landscapes, making it ideal for outdoor enthusiasts. Historically, Lyons has roots in agriculture, with many local farms contributing to the economy. The village is conveniently located near larger cities like Ionia and Grand Rapids, providing access to more extensive amenities and recreational opportunities. Local attractions include parks, which offer space for picnicking, fishing, and enjoying the outdoors. The nearby river is perfect for canoeing and kayaking during warmer months. Overall, Lyons is characterized by its friendly atmosphere, celebrating community pride and a slower pace of life, making it a lovely spot for those looking for tranquility in Michigan.

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