Clare, MI vs Lexington, MI

Clare, MI and Lexington, MI have a very similar cost of living, with only a 1.3% difference in their overall index. Clare scores 67 while Lexington scores 68 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 Clare is $792/month compared to $643/month in Lexington — a 23% difference. Interestingly, home values tell a different story: while Lexington has cheaper rent, Clare actually has lower median home values ($124,800 vs $191,000).

Median household income in Clare is $43,105 compared to $49,091 in Lexington (-12.2%). While Lexington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clare spend roughly 22% of their income on rent, more than the 15.7% in Lexington.