Cost of Living in Millers Lake, MI
Population: 505 | Michigan
Millers Lake is 8% less expensive than the national average.
Cost of Living in Millers Lake, MI: What You Need to Know
With a cost of living index of 92, Millers Lake, MI is slightly more affordable than average. Living here is 8% cheaper than the national average and 14% above the Michigan state average of 78. Millers Lake is a small community of 505 residents.
The median household income in Millers Lake is $68,068, which is 9% 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 Detroit-Warren-Dearborn, MI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 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.
Income
- Median Household Income
- $68,068
- vs US Median ($75,149)
- -9%
Housing
- Median Home Value
- $216,000
- Median Monthly Housing Cost
- $1,330/mo
Everyday Prices in Millers Lake
BLS Average Prices for the Detroit-Warren-Dearborn, MI (Metropolitan Statistical Area) area