Lyons, MI vs Newaygo, MI

Lyons, MI and Newaygo, MI have a very similar cost of living, with only a 1.6% difference in their overall index. Lyons scores 75 while Newaygo scores 74 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 Lyons is $1,070/month compared to $1,058/month in Newaygo — a 1% difference. Home values follow the same pattern: Newaygo is more affordable at $102,900 median vs $112,500.

Median household income in Lyons is $67,054 compared to $41,934 in Newaygo (+59.9%). While Lyons is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lyons spend roughly 19.1% of their income on rent, less than the 30.3% in Newaygo. The Lyons ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.