Lakeport, MI vs Perry, MI

There is a significant gap in the cost of living between these two cities. Perry is 15.3% cheaper than Lakeport. With a cost index of 73 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Perry to Lakeport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lakeport is $1,162/month compared to $931/month in Perry — a 25% difference. Home values follow the same pattern: Perry is more affordable at $144,400 median vs $172,000.

Median household income in Lakeport is $55,167 compared to $73,468 in Perry (-24.9%). Perry offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakeport spend roughly 25.3% of their income on rent, more than the 15.2% in Perry.