Cost of Living in Saugatuck, MI

With a cost of living index of 99, Saugatuck, MI is right around the national average in cost. Living here is 1% cheaper than the national average and 21% above the Michigan state average of 78. Saugatuck is a small community of 751 residents.

Housing costs are the biggest factor in Saugatuck's cost of living. The median monthly rent is $505 (62% below the US median of $1,319), and the median home value sits at $619,400 (103% above the national median of $304,900). At current prices, the median home costs roughly 5.2x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Saugatuck is $118,309, which is 57% higher than the national median of $75,149. Residents spend roughly 5% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.