Cost of Living in Hardwood Acres, MI

With a cost of living index of 91, Hardwood Acres, MI is slightly more affordable than average. Living here is 9% cheaper than the national average and 13% above the Michigan state average of 78. Hardwood Acres is a small community of 735 residents.

The median household income in Hardwood Acres is $107,128, which is 43% higher than the national median of $75,149.

Everyday prices in the Traverse City, MI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 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.