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Ferrysburg, MI vs Temperance, MI

97
Ferrysburg
Michigan
VS
+7.4%
90
Temperance
Michigan

Temperance is moderately more affordable than Ferrysburg, with a 7.4% lower cost of living index. Ferrysburg scores 97 compared to 90 for Temperance, 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 $1,270/month in Temperance — a 17% difference. Interestingly, home values tell a different story: while Temperance has cheaper rent, Ferrysburg actually has lower median home values ($225,400 vs $230,200).

Median household income in Ferrysburg is $62,096 compared to $76,069 in Temperance (-18.4%). Temperance offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ferrysburg spend roughly 28.6% of their income on rent, more than the 20% in Temperance.

Income & Cost

Cost of Living Index
Ferrysburg
97
Temperance
90
7% cheaper
Median Household Income
Ferrysburg
$62,096
Temperance
$76,069
18% higher

Housing

Median Rent
Ferrysburg
$1,482
Temperance
$1,270
14% cheaper
Median Home Value
Ferrysburg
$225,400
2% cheaper
Temperance
$230,200
Population
Ferrysburg
2,949
Temperance
8,495

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Ferrysburg $2.88
Temperance $2.88
US $3.07
🥚
Eggs (grade A, large)
Ferrysburg $2.35
Temperance $2.35
US $2.50
🥛
Milk (whole)
Ferrysburg $3.79
Temperance $3.79
US $4.03
🍞
Bread (white)
Ferrysburg $1.74
Temperance $1.74
US $1.85
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Chicken breast
Ferrysburg $3.90
Temperance $3.90
US $4.14
Electricity
Ferrysburg $0.18
Temperance $0.18
US $0.19