Cost of Living in Eastlake, MI
Population: 304 | Michigan
Eastlake is 17% less expensive than the national average.
Cost of Living in Eastlake, MI: What You Need to Know
With a cost of living index of 83, Eastlake, MI is a very affordable place to live. Living here is 17% cheaper than the national average and 5% above the Michigan state average of 78. Eastlake is a small community of 304 residents.
The median household income in Eastlake is $50,139, which is 33% 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
- $50,139
- vs US Median ($75,149)
- -33%
Housing
- Median Home Value
- $117,900
- Median Monthly Housing Cost
- $491/mo