Edgemont Park, MI vs New Haven, MI

There is a significant gap in the cost of living between these two cities. Edgemont Park is 23.6% cheaper than New Haven. With a cost index of 69 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Edgemont Park to New Haven should plan for substantially higher expenses across most categories.

On the housing front, median rent in Edgemont Park is $776/month compared to $1,301/month in New Haven — a 40% difference. Home values follow the same pattern: Edgemont Park is more affordable at $161,800 median vs $207,600.

Median household income in Edgemont Park is $62,120 compared to $68,203 in New Haven (-8.9%). New Haven does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Edgemont Park spend roughly 15% of their income on rent, less than the 22.9% in New Haven.