Cost of Living in Lake Michigan Beach, MI

With a cost of living index of 93, Lake Michigan Beach, MI is slightly more affordable than average. Living here is 7% cheaper than the national average and 15% above the Michigan state average of 78. Lake Michigan Beach is a small community of 914 residents.

The median household income in Lake Michigan Beach is $61,250, which is 18% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Niles, 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.