This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the South Lyon page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 11,825, so South Lyon should be compared with similar-size places before using broader Michigan averages. Median household income is $83,822, so the best affordability read for South Lyon is income versus housing, taxes, utilities, and insurance together.
Median home value is $280,900, so ownership costs in South Lyon should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,208/mo, so renters can compare South Lyon against ownership costs and nearby rental markets.
Housing and Income Context
For South Lyon, income is solid, so housing and taxes usually decide the budget picture. Home values sit in a moderate range where taxes and utilities still change the monthly math.
Use the home value, rent, and income fields together before deciding whether South Lyon looks more favorable for renting, buying, or comparing with Whitmore Lake, MI.
Utility Cost Context
The residential electricity benchmark is $0.212/kWh, so South Lyon households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for South Lyon is a Michigan state-level EIA benchmark, so it should not be read as a local provider tariff.
For South Lyon, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $3,809, so South Lyon buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a South Lyon address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in South Lyon depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for South Lyon, especially when comparing with Whitmore Lake, MI.
Population and Demographics
Median age is 41.8, so South Lyon may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 45.0%, so South Lyon education context can be useful when reading labor-market and school sections.
Unemployment is 5.0%, so South Lyon wage and job-market context should be compared with commute options and regional employment centers.
