Cheboygan, MI vs Howard City, MI

Cheboygan, MI and Howard City, MI have a very similar cost of living, with only a 2.5% difference in their overall index. Cheboygan scores 65 while Howard City scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheboygan is $733/month compared to $708/month in Howard City — a 4% difference. Interestingly, home values tell a different story: while Howard City has cheaper rent, Cheboygan actually has lower median home values ($118,700 vs $143,800).

Median household income in Cheboygan is $41,338 compared to $52,663 in Howard City (-21.5%). While Howard City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheboygan spend roughly 21.3% of their income on rent, more than the 16.1% in Howard City.