Fenton, MI vs Lathrup Village, MI

Fenton is moderately more affordable than Lathrup Village, with a 9.9% lower cost of living index. Fenton scores 92 compared to 102 for Lathrup Village, where the US average is 100. This difference means residents of Lathrup Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fenton is $1,323/month compared to $1,497/month in Lathrup Village — a 12% difference. Home values follow the same pattern: Fenton is more affordable at $211,700 median vs $270,900.

Median household income in Fenton is $83,077 compared to $99,286 in Lathrup Village (-16.3%). While Lathrup Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fenton spend roughly 19.1% of their income on rent, more than the 18.1% in Lathrup Village.