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Concord, MI vs Otter Lake, MI

73
Concord
Michigan
VS
-12.3%
83
Otter Lake
Michigan

Concord is moderately more affordable than Otter Lake, with a 12.3% lower cost of living index. Concord scores 73 compared to 83 for Otter Lake, where the US average is 100. This difference means residents of Otter Lake can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Concord are $158,900 compared to $107,700 in Otter Lake, a 48% gap.

Median household income in Concord is $62,143 compared to $43,750 in Otter Lake (+42%). Concord offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Concord
73
12% cheaper
Otter Lake
83
Median Household Income
Concord
$62,143
30% higher
Otter Lake
$43,750

Housing

Median Rent
Concord
$905
Otter Lake
Median Home Value
Concord
$158,900
Otter Lake
$107,700
32% cheaper
Population
Concord
1,156
Otter Lake
387

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Concord $2.88
Otter Lake $3.00
US $3.07
🥚
Eggs (grade A, large)
Concord $2.35
Otter Lake $2.45
US $2.50
🥛
Milk (whole)
Concord $3.79
Otter Lake $3.94
US $4.03
🍞
Bread (white)
Concord $1.74
Otter Lake $1.81
US $1.85
🍗
Chicken breast
Concord $3.90
Otter Lake $4.06
US $4.14
Electricity
Concord $0.19
Otter Lake $0.20
US $0.19