Cost of Living in Douglas, MI

With a cost of living index of 81, Douglas, MI is a very affordable place to live. Living here is 19% cheaper than the national average and 3% above the Michigan state average of 78. Douglas is a small community of 1,295 residents.

Housing costs are the biggest factor in Douglas's cost of living. The median monthly rent is $567 (57% below the US median of $1,319), and the median home value sits at $383,000 (26% above the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Douglas is $77,841, which is 4% higher than the national median of $75,149. Residents spend roughly 9% 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.