Boyne Falls, MI vs Lake Michigan Beach, MI

There is a significant gap in the cost of living between these two cities. Boyne Falls is 23.5% cheaper than Lake Michigan Beach. With a cost index of 71 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Boyne Falls to Lake Michigan Beach should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Boyne Falls are $160,400 compared to $259,900 in Lake Michigan Beach, a 38% gap.

Median household income in Boyne Falls is $46,250 compared to $61,250 in Lake Michigan Beach (-24.5%). While Lake Michigan Beach is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.