Cost of Living in Suttons Bay, MI
Population: 587 | Michigan
Suttons Bay is 15% more expensive than the national average.
Cost of Living in Suttons Bay, MI: What You Need to Know
With a cost of living index of 115, Suttons Bay, MI is somewhat more expensive than average. Living here is 15% more expensive than the national average and 37% above the Michigan state average of 78. Suttons Bay is a small community of 587 residents.
The median household income in Suttons Bay is $123,125, which is 64% 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.
Income
- Median Household Income
- $123,125
- vs US Median ($75,149)
- +64%
Housing
- Median Home Value
- $524,700
- Median Monthly Housing Cost
- $1,300/mo
Everyday Prices in Suttons Bay
BLS Average Prices for the Traverse City, MI (Metropolitan Statistical Area) area