Cost of Living in Bay Shore, MI

With a cost of living index of 77, Bay Shore, MI is a very affordable place to live. Living here is 23% cheaper than the national average and in line with the Michigan state average. Bay Shore is a small community of 607 residents.

Housing costs are the biggest factor in Bay Shore's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $116,300 (62% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Bay Shore is $72,538, which is 3% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.