Boyne City, MI vs Three Oaks, MI

Boyne City, MI and Three Oaks, MI have a very similar cost of living, with only a 2% difference in their overall index. Boyne City scores 79 while Three Oaks 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 Boyne City is $893/month compared to $1,022/month in Three Oaks — a 13% difference. Interestingly, home values tell a different story: while Boyne City has cheaper rent, Three Oaks actually has lower median home values ($185,100 vs $233,900).

Median household income in Boyne City is $68,087 compared to $60,500 in Three Oaks (+12.5%). While Boyne City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Boyne City spend roughly 15.7% of their income on rent, less than the 20.3% in Three Oaks.