Cost of Living in Barnes Lake, MI
Population: 468 | Michigan
Barnes Lake is 8% less expensive than the national average.
Cost of Living in Barnes Lake, MI: What You Need to Know
With a cost of living index of 92, Barnes Lake, MI is slightly more affordable than average. Living here is 8% cheaper than the national average and 14% above the Michigan state average of 78. Barnes Lake is a small community of 468 residents.
The median household income in Barnes Lake is $75,585, which is 1% higher than the national median of $75,149.
Everyday prices in the Detroit-Warren-Dearborn, MI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $75,585
- vs US Median ($75,149)
- +1%
Housing
- Median Home Value
- $212,300
- Median Monthly Housing Cost
- $1,293/mo
Everyday Prices in Barnes Lake
BLS Average Prices for the Detroit-Warren-Dearborn, MI (Metropolitan Statistical Area) area