Lake Odessa, MI vs New Haven, MI

There is a significant gap in the cost of living between these two cities. Lake Odessa is 26.9% cheaper than New Haven. With a cost index of 66 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Odessa to New Haven should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake Odessa is $688/month compared to $1,301/month in New Haven — a 47% difference. Home values follow the same pattern: Lake Odessa is more affordable at $150,300 median vs $207,600.

Median household income in Lake Odessa is $71,157 compared to $68,203 in New Haven (+4.3%). Lake Odessa offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Odessa spend roughly 11.6% of their income on rent, less than the 22.9% in New Haven.