Charlevoix, MI vs Milford, MI

Charlevoix is moderately more affordable than Milford, with a 11.9% lower cost of living index. Charlevoix scores 84 compared to 95 for Milford, where the US average is 100. This difference means residents of Milford can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Charlevoix is $880/month compared to $1,058/month in Milford — a 17% difference. Home values follow the same pattern: Charlevoix is more affordable at $294,400 median vs $348,600.

Median household income in Charlevoix is $52,344 compared to $102,521 in Milford (-48.9%). While Milford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Charlevoix spend roughly 20.2% of their income on rent, more than the 12.4% in Milford.