Lakewood Club, MI vs New Era, MI

New Era is moderately more affordable than Lakewood Club, with a 11.4% lower cost of living index. Lakewood Club scores 85 compared to 76 for New Era, where the US average is 100. This difference means residents of Lakewood Club can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lakewood Club is $1,353/month compared to $967/month in New Era — a 40% difference. Interestingly, home values tell a different story: while New Era has cheaper rent, Lakewood Club actually has lower median home values ($144,900 vs $172,200).

Median household income in Lakewood Club is $67,277 compared to $81,500 in New Era (-17.5%). New Era offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakewood Club spend roughly 24.1% of their income on rent, more than the 14.2% in New Era.