Gagetown, MI vs Stephenson, MI

Gagetown, MI and Stephenson, MI have a very similar cost of living, with only a 1.7% difference in their overall index. Gagetown scores 60 while Stephenson scores 61 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 Gagetown is $680/month compared to $657/month in Stephenson — a 4% difference. Interestingly, home values tell a different story: while Stephenson has cheaper rent, Gagetown actually has lower median home values ($76,500 vs $97,700).

Median household income in Gagetown is $51,719 compared to $43,529 in Stephenson (+18.8%). Gagetown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gagetown spend roughly 15.8% of their income on rent, less than the 18.1% in Stephenson.