Cost of Living in South Haven, MI

With a cost of living index of 85, South Haven, MI is a very affordable place to live. Living here is 15% cheaper than the national average and 7% above the Michigan state average of 78. South Haven is a small community of 3,994 residents.

Housing costs are the biggest factor in South Haven's cost of living. The median monthly rent is $718 (46% below the US median of $1,319), and the median home value sits at $372,200 (22% above the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in South Haven is $64,338, which is 14% 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.