Augusta, MI vs Lake Odessa, MI

Augusta, MI and Lake Odessa, MI have a very similar cost of living, with only a 3.5% difference in their overall index. Augusta scores 69 while Lake Odessa scores 66 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 Augusta is $816/month compared to $688/month in Lake Odessa — a 19% difference. Interestingly, home values tell a different story: while Lake Odessa has cheaper rent, Augusta actually has lower median home values ($135,200 vs $150,300).

Median household income in Augusta is $58,958 compared to $71,157 in Lake Odessa (-17.1%). Lake Odessa offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Augusta spend roughly 16.6% of their income on rent, more than the 11.6% in Lake Odessa.