Charlevoix, MI vs New Haven, MI

Charlevoix is moderately more affordable than New Haven, with a 7.9% lower cost of living index. Charlevoix scores 84 compared to 91 for New Haven, where the US average is 100. This difference means residents of New Haven 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 $1,301/month in New Haven — a 32% difference. Interestingly, home values tell a different story: while Charlevoix has cheaper rent, New Haven actually has lower median home values ($207,600 vs $294,400).

Median household income in Charlevoix is $52,344 compared to $68,203 in New Haven (-23.3%). While New Haven 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, less than the 22.9% in New Haven.