Buchanan, MI vs Colon, MI

Colon is moderately more affordable than Buchanan, with a 9.2% lower cost of living index. Buchanan scores 72 compared to 66 for Colon, where the US average is 100. This difference means residents of Buchanan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Buchanan is $952/month compared to $745/month in Colon — a 28% difference. Home values follow the same pattern: Colon is more affordable at $123,700 median vs $138,400.

Median household income in Buchanan is $54,068 compared to $53,750 in Colon (+0.6%). Buchanan 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 Buchanan spend roughly 21.1% of their income on rent, more than the 16.6% in Colon.