Cost of Living in Manistee Lake, MI

With a cost of living index of 84, Manistee Lake, MI is a very affordable place to live. Living here is 16% cheaper than the national average and 6% above the Michigan state average of 78. Manistee Lake is a small community of 364 residents.

The median household income in Manistee Lake is $52,917, which is 30% 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 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.