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Colon, MI vs Woodland, MI

66
Colon
Michigan
VS
+13.7%
58
Woodland
Michigan

Woodland is moderately more affordable than Colon, with a 13.7% lower cost of living index. Colon scores 66 compared to 58 for Woodland, where the US average is 100. This difference means residents of Colon can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colon is $745/month compared to $417/month in Woodland — a 79% difference. Interestingly, home values tell a different story: while Woodland has cheaper rent, Colon actually has lower median home values ($123,700 vs $143,800).

Median household income in Colon is $53,750 compared to $47,500 in Woodland (+13.2%). The higher salaries in Colon partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Colon spend roughly 16.6% of their income on rent, more than the 10.5% in Woodland.

Income & Cost

Cost of Living Index
Colon
66
Woodland
58
12% cheaper
Median Household Income
Colon
$53,750
12% higher
Woodland
$47,500

Housing

Median Rent
Colon
$745
Woodland
$417
44% cheaper
Median Home Value
Colon
$123,700
14% cheaper
Woodland
$143,800
Population
Colon
1,432
Woodland
485

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Colon
Woodland $2.88
US $3.07
🥚
Eggs (grade A, large)
Colon
Woodland $2.35
US $2.50
🥛
Milk (whole)
Colon
Woodland $3.79
US $4.03
🍞
Bread (white)
Colon
Woodland $1.74
US $1.85
🍗
Chicken breast
Colon
Woodland $3.90
US $4.14
Electricity
Colon
Woodland $0.18
US $0.19