Boyne Falls, MI vs Covington, MI

There is a significant gap in the cost of living between these two cities. Boyne Falls is 27.5% cheaper than Covington. With a cost index of 71 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Boyne Falls to Covington should plan for substantially higher expenses across most categories.

Median household income in Boyne Falls is $46,250 compared to $68,750 in Covington (-32.7%). While Covington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.