Lakeport, MI vs Walloon Lake, MI

Lakeport is moderately more affordable than Walloon Lake, with a 11.1% lower cost of living index. Lakeport scores 84 compared to 94 for Walloon Lake, where the US average is 100. This difference means residents of Walloon Lake can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Lakeport are $172,000 compared to $260,000 in Walloon Lake, a 34% gap.

Median household income in Lakeport is $55,167 compared to $84,250 in Walloon Lake (-34.5%). While Walloon Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.