Falmouth, MI vs Peck, MI

Falmouth, MI and Peck, MI have a very similar cost of living, with only a 3.6% difference in their overall index. Falmouth scores 69 while Peck 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 Falmouth is $850/month compared to $833/month in Peck — a 2% difference. Home values follow the same pattern: Peck is more affordable at $101,200 median vs $124,000.

Median household income in Falmouth is $26,058 compared to $52,204 in Peck (-50.1%). Peck offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Falmouth spend roughly 39.1% of their income on rent, more than the 19.1% in Peck. The Peck ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.