Ferrysburg, MI vs Harbor Springs, MI

Harbor Springs is moderately more affordable than Ferrysburg, with a 5.2% lower cost of living index. Ferrysburg scores 97 compared to 92 for Harbor Springs, where the US average is 100. This difference means residents of Ferrysburg can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ferrysburg is $1,482/month compared to $950/month in Harbor Springs — a 56% difference. Interestingly, home values tell a different story: while Harbor Springs has cheaper rent, Ferrysburg actually has lower median home values ($225,400 vs $368,100).

Median household income in Ferrysburg is $62,096 compared to $60,556 in Harbor Springs (+2.5%). Ferrysburg 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 Ferrysburg spend roughly 28.6% of their income on rent, more than the 18.8% in Harbor Springs.