Manitou Beach-Devils Lake, MI vs Ruby, MI

Manitou Beach-Devils Lake, MI and Ruby, MI have a very similar cost of living, with only a 2% difference in their overall index. Manitou Beach-Devils Lake scores 83 while Ruby scores 85 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 Manitou Beach-Devils Lake is $933/month compared to $1,087/month in Ruby — a 14% difference. Interestingly, home values tell a different story: while Manitou Beach-Devils Lake has cheaper rent, Ruby actually has lower median home values ($211,200 vs $265,500).

Median household income in Manitou Beach-Devils Lake is $85,777 compared to $66,910 in Ruby (+28.2%). Manitou Beach-Devils Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Manitou Beach-Devils Lake spend roughly 13.1% of their income on rent, less than the 19.5% in Ruby.