New Baltimore, MI vs Oak Park, MI

New Baltimore, MI and Oak Park, MI have a very similar cost of living, with only a 0.9% difference in their overall index. New Baltimore scores 93 while Oak Park scores 92 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 New Baltimore is $1,081/month compared to $1,354/month in Oak Park — a 20% difference. Interestingly, home values tell a different story: while New Baltimore has cheaper rent, Oak Park actually has lower median home values ($198,500 vs $309,800).

Median household income in New Baltimore is $97,027 compared to $65,882 in Oak Park (+47.3%). While New Baltimore is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Baltimore spend roughly 13.4% of their income on rent, less than the 24.7% in Oak Park.