Boyne City, MI vs Lakewood Club, MI

Boyne City is moderately more affordable than Lakewood Club, with a 6.9% lower cost of living index. Boyne City scores 79 compared to 85 for Lakewood Club, where the US average is 100. This difference means residents of Lakewood Club can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boyne City is $893/month compared to $1,353/month in Lakewood Club — a 34% difference. Interestingly, home values tell a different story: while Boyne City has cheaper rent, Lakewood Club actually has lower median home values ($144,900 vs $233,900).

Median household income in Boyne City is $68,087 compared to $67,277 in Lakewood Club (+1.2%). Boyne City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boyne City spend roughly 15.7% of their income on rent, less than the 24.1% in Lakewood Club.