Melvin, MI vs South Range, MI

Melvin, MI and South Range, MI have a very similar cost of living, with only a 1.4% difference in their overall index. Melvin scores 62 while South Range scores 63 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 Melvin is $685/month compared to $765/month in South Range — a 11% difference. Interestingly, home values tell a different story: while Melvin has cheaper rent, South Range actually has lower median home values ($85,300 vs $103,800).

Median household income in Melvin is $49,375 compared to $54,583 in South Range (-9.5%). While South Range is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Melvin spend roughly 16.6% of their income on rent, less than the 16.8% in South Range.