Harper Woods, MI vs Lake Fenton, MI

There is a significant gap in the cost of living between these two cities. Harper Woods is 18.8% cheaper than Lake Fenton. With a cost index of 86 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Harper Woods to Lake Fenton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Harper Woods is $1,306/month compared to $1,343/month in Lake Fenton — a 3% difference. Home values follow the same pattern: Harper Woods is more affordable at $143,600 median vs $372,800.

Median household income in Harper Woods is $61,446 compared to $112,676 in Lake Fenton (-45.5%). While Lake Fenton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Harper Woods spend roughly 25.5% of their income on rent, more than the 14.3% in Lake Fenton.