Lathrup Village, MI vs New Baltimore, MI

New Baltimore is moderately more affordable than Lathrup Village, with a 10.2% lower cost of living index. Lathrup Village scores 102 compared to 93 for New Baltimore, where the US average is 100. This difference means residents of Lathrup Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lathrup Village is $1,497/month compared to $1,081/month in New Baltimore — a 39% difference. Interestingly, home values tell a different story: while New Baltimore has cheaper rent, Lathrup Village actually has lower median home values ($270,900 vs $309,800).

Median household income in Lathrup Village is $99,286 compared to $97,027 in New Baltimore (+2.3%). Lathrup Village does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lathrup Village spend roughly 18.1% of their income on rent, more than the 13.4% in New Baltimore.