Chatham, MI vs Fife Lake, MI

Chatham is moderately more affordable than Fife Lake, with a 14.2% lower cost of living index. Chatham scores 66 compared to 77 for Fife Lake, where the US average is 100. This difference means residents of Fife Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chatham is $683/month compared to $1,000/month in Fife Lake — a 32% difference. Home values follow the same pattern: Chatham is more affordable at $154,200 median vs $185,200.

Median household income in Chatham is $47,813 compared to $67,188 in Fife Lake (-28.8%). While Fife Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatham spend roughly 17.1% of their income on rent, less than the 17.9% in Fife Lake.