Onaway, MI vs Stony Point, MI

There is a significant gap in the cost of living between these two cities. Onaway is 29.9% cheaper than Stony Point. With a cost index of 56 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Onaway to Stony Point should plan for substantially higher expenses across most categories.

On the housing front, median rent in Onaway is $600/month compared to $999/month in Stony Point — a 40% difference. Home values follow the same pattern: Onaway is more affordable at $59,100 median vs $205,400.

Median household income in Onaway is $40,159 compared to $57,250 in Stony Point (-29.9%). The higher salaries in Stony Point partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Onaway spend roughly 17.9% of their income on rent, less than the 20.9% in Stony Point.