Boyne Falls, MI vs Stephenson, MI

There is a significant gap in the cost of living between these two cities. Stephenson is 16.6% cheaper than Boyne Falls. With a cost index of 61 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Stephenson to Boyne Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Boyne Falls is $821/month compared to $657/month in Stephenson — a 25% difference. Home values follow the same pattern: Stephenson is more affordable at $97,700 median vs $160,400.

Median household income in Boyne Falls is $46,250 compared to $43,529 in Stephenson (+6.3%). Boyne Falls does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Boyne Falls spend roughly 21.3% of their income on rent, more than the 18.1% in Stephenson.