New Lothrop, MI vs Three Lakes, MI

There is a significant gap in the cost of living between these two cities. New Lothrop is 27.1% cheaper than Three Lakes. With a cost index of 69 vs 94, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Lothrop to Three Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in New Lothrop are $178,100 compared to $258,300 in Three Lakes, a 31% gap.

Median household income in New Lothrop is $78,500 compared to $105,833 in Three Lakes (-25.8%). The higher salaries in Three Lakes partially offset the cost difference, but don't fully close the gap.