Fraser, MI vs Lincoln Park, MI

Fraser, MI and Lincoln Park, MI have a very similar cost of living, with only a 2.5% difference in their overall index. Fraser scores 75 while Lincoln Park scores 73 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 Fraser is $827/month compared to $972/month in Lincoln Park — a 15% difference. Interestingly, home values tell a different story: while Fraser has cheaper rent, Lincoln Park actually has lower median home values ($117,400 vs $193,600).

Median household income in Fraser is $61,118 compared to $57,183 in Lincoln Park (+6.9%). While Fraser is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fraser spend roughly 16.2% of their income on rent, less than the 20.4% in Lincoln Park.