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Cost of Living Calculator - Petoskey, Michigan vs Hobbs, New Mexico

The cost of living in Hobbs, New Mexico is 15.5% cheaper than Petoskey, Michigan.

You would need a salary of $63,394 in Hobbs, New Mexico to maintain the standard of living you have in Petoskey, Michigan.
Comparison highlights
• Overall, Hobbs, New Mexico is cheaper than Petoskey, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
54% cheaper in Hobbs
than in Petoskey, Michigan
Petoskey, MI vs Hobbs, NM
Compared to Petoskey, Hobbs is:
  Homeowner
      No Child Care, Taxes not Considered
  15.5% lower
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  2.5% lower
  Housing (Homeowner)
  27.6% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  13.2% lower
  Commute
  15.7% lower
  Health
  4.6% higher
  Taxes
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  Childcare
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  Personal
  5.5% lower
Cost of Food
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