Lexington, MI vs Paw Paw, MI

Lexington, MI and Paw Paw, MI have a very similar cost of living, with only a 1% difference in their overall index. Lexington scores 68 while Paw Paw scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lexington is $643/month compared to $775/month in Paw Paw — a 17% difference. Interestingly, home values tell a different story: while Lexington has cheaper rent, Paw Paw actually has lower median home values ($133,600 vs $191,000).

Median household income in Lexington is $49,091 compared to $38,989 in Paw Paw (+25.9%). While Lexington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington spend roughly 15.7% of their income on rent, less than the 23.9% in Paw Paw.