Parchment, MI vs Port Austin, MI

There is a significant gap in the cost of living between these two cities. Port Austin is 17.9% cheaper than Parchment. With a cost index of 67 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Port Austin to Parchment should plan for substantially higher expenses across most categories.

On the housing front, median rent in Parchment is $1,024/month compared to $676/month in Port Austin — a 52% difference. Home values follow the same pattern: Port Austin is more affordable at $162,100 median vs $178,400.

Median household income in Parchment is $54,572 compared to $46,000 in Port Austin (+18.6%). While Parchment is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Parchment spend roughly 22.5% of their income on rent, more than the 17.6% in Port Austin.