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Lyons, MI vs Port Hope, MI

75
Lyons
Michigan
VS
+19.8%
63
Port Hope
Michigan

There is a significant gap in the cost of living between these two cities. Port Hope is 19.8% cheaper than Lyons. With a cost index of 63 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Port Hope to Lyons should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lyons is $1,070/month compared to $750/month in Port Hope — a 43% difference. Home values follow the same pattern: Port Hope is more affordable at $84,600 median vs $112,500.

Median household income in Lyons is $67,054 compared to $51,250 in Port Hope (+30.8%). 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, more than the 17.6% in Port Hope.

Income & Cost

Cost of Living Index
Lyons
75
Port Hope
63
17% cheaper
Median Household Income
Lyons
$67,054
24% higher
Port Hope
$51,250

Housing

Median Rent
Lyons
$1,070
Port Hope
$750
30% cheaper
Median Home Value
Lyons
$112,500
Port Hope
$84,600
25% cheaper
Population
Lyons
862
Port Hope
297

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Lyons $2.88
Port Hope
US $3.07
🥚
Eggs (grade A, large)
Lyons $2.35
Port Hope
US $2.50
🥛
Milk (whole)
Lyons $3.79
Port Hope
US $4.03
🍞
Bread (white)
Lyons $1.74
Port Hope
US $1.85
🍗
Chicken breast
Lyons $3.90
Port Hope
US $4.14
Electricity
Lyons $0.18
Port Hope
US $0.19