Cost of Living in Omena, MI

With a cost of living index of 116, Omena, MI is a notably expensive place to live. Living here is 16% more expensive than the national average and 38% above the Michigan state average of 78. Omena is a small community of 240 residents.

The median household income in Omena is $113,611, which is 51% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

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.