Almont, MI vs Houghton, MI

Almont, MI and Houghton, MI have a very similar cost of living, with only a 2.9% difference in their overall index. Almont scores 80 while Houghton scores 78 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Almont is $889/month compared to $861/month in Houghton — a 3% difference. Interestingly, home values tell a different story: while Houghton has cheaper rent, Almont actually has lower median home values ($233,100 vs $233,700).

Median household income in Almont is $81,511 compared to $35,417 in Houghton (+130.1%). While Almont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Almont spend roughly 13.1% of their income on rent, less than the 29.2% in Houghton.