Cost of Living in Caberfae, MI
Population: 64 | Michigan
Caberfae is 14% less expensive than the national average.
Cost of Living in Caberfae, MI: What You Need to Know
With a cost of living index of 86, Caberfae, MI is a very affordable place to live. Living here is 14% cheaper than the national average and 8% above the Michigan state average of 78. Caberfae is a small community of 64 residents.
The median household income in Caberfae is $58,000, which is 23% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
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
- $58,000
- vs US Median ($75,149)
- -23%
Housing
- Median Home Value
- $160,700
- Median Monthly Housing Cost
- $713/mo