Lake Odessa, MI vs Milford, MI

The cost of living difference between Lake Odessa, MI and Milford, MI is dramatic. Lake Odessa is 30.1% cheaper than Milford, a gap that translates to thousands of dollars per year in household expenses. Lake Odessa has a cost index of 66 while Milford sits at 95, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Lake Odessa is $688/month compared to $1,058/month in Milford — a 35% difference. Home values follow the same pattern: Lake Odessa is more affordable at $150,300 median vs $348,600.

Median household income in Lake Odessa is $71,157 compared to $102,521 in Milford (-30.6%). While Milford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake Odessa spend roughly 11.6% of their income on rent, less than the 12.4% in Milford.