Ferndale, MI vs Walled Lake, MI

Ferndale, MI and Walled Lake, MI have a very similar cost of living, with only a 0.4% difference in their overall index. Ferndale scores 91 while Walled Lake scores 91 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 Ferndale is $1,235/month compared to $1,304/month in Walled Lake — a 5% difference. Interestingly, home values tell a different story: while Ferndale has cheaper rent, Walled Lake actually has lower median home values ($213,000 vs $233,600).

Median household income in Ferndale is $91,732 compared to $67,335 in Walled Lake (+36.2%). Ferndale offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ferndale spend roughly 16.2% of their income on rent, less than the 23.2% in Walled Lake.