Cost of Living in L'Anse, MI

With a cost of living index of 59, L'Anse, MI is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 19% below the Michigan state average of 78. L'Anse is a small community of 1,916 residents.

Housing costs are the biggest factor in L'Anse's cost of living. The median monthly rent is $585 (56% below the US median of $1,319), and the median home value sits at $100,100 (67% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in L'Anse is $55,042, which is 27% lower than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.