Gladwin, MI vs Lakes of the North, MI

There is a significant gap in the cost of living between these two cities. Gladwin is 27.4% cheaper than Lakes of the North. With a cost index of 62 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gladwin to Lakes of the North should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Gladwin are $111,700 compared to $169,600 in Lakes of the North, a 34% gap.

Median household income in Gladwin is $43,638 compared to $65,536 in Lakes of the North (-33.4%). While Lakes of the North is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.