Bellaire, MI vs Boyne Falls, MI

Bellaire, MI and Boyne Falls, MI have a very similar cost of living, with only a 1.1% difference in their overall index. Bellaire scores 72 while Boyne Falls scores 71 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 Bellaire is $786/month compared to $821/month in Boyne Falls — a 4% difference. Interestingly, home values tell a different story: while Bellaire has cheaper rent, Boyne Falls actually has lower median home values ($160,400 vs $182,800).

Median household income in Bellaire is $53,750 compared to $46,250 in Boyne Falls (+16.2%). While Bellaire is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bellaire spend roughly 17.5% of their income on rent, less than the 21.3% in Boyne Falls.