Eagle River, MI vs Three Lakes, MI

Eagle River, MI and Three Lakes, MI have a very similar cost of living, with only a 2.4% difference in their overall index. Eagle River scores 96 while Three Lakes scores 94 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.

When it comes to buying, median home values in Eagle River are $286,100 compared to $258,300 in Three Lakes, a 11% gap.

Median household income in Eagle River is $61,250 compared to $105,833 in Three Lakes (-42.1%). Three Lakes offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.