Chatham, MI vs Jasper, MI

There is a significant gap in the cost of living between these two cities. Chatham is 20.7% cheaper than Jasper. With a cost index of 66 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chatham to Jasper should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chatham is $683/month compared to $1,333/month in Jasper — a 49% difference. Interestingly, home values tell a different story: while Chatham has cheaper rent, Jasper actually has lower median home values ($124,100 vs $154,200).

Median household income in Chatham is $47,813 compared to $54,643 in Jasper (-12.5%). The higher salaries in Jasper partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chatham spend roughly 17.1% of their income on rent, less than the 29.3% in Jasper.