Frankfort, MI vs Rockwood, MI

Frankfort, MI and Rockwood, MI have a very similar cost of living, with only a 1.3% difference in their overall index. Frankfort scores 79 while Rockwood scores 78 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 Frankfort is $749/month compared to $968/month in Rockwood — a 23% difference. Interestingly, home values tell a different story: while Frankfort has cheaper rent, Rockwood actually has lower median home values ($180,000 vs $305,600).

Median household income in Frankfort is $51,813 compared to $85,391 in Rockwood (-39.3%). Rockwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Frankfort spend roughly 17.3% of their income on rent, more than the 13.6% in Rockwood.