Decatur, MI vs Waldron, MI

Decatur, MI and Waldron, MI have a very similar cost of living, with only a 0.4% difference in their overall index. Decatur scores 66 while Waldron scores 66 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 Decatur is $779/month compared to $864/month in Waldron — a 10% difference. Interestingly, home values tell a different story: while Decatur has cheaper rent, Waldron actually has lower median home values ($82,600 vs $121,900).

Median household income in Decatur is $58,281 compared to $45,750 in Waldron (+27.4%). Decatur offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Decatur spend roughly 16% of their income on rent, less than the 22.7% in Waldron.