What is a pro or con of living in Lake township (Benzie County), Michigancompared to Troy, Michigan?

Median Home Cost is 74% more expensive in Lake township (Benzie County).

What salary do I need to live in Lake township (Benzie County), Michigan copmared to Troy, Michigan?

A salary of $50,000 in Troy, Michigan should increase to $57,188 in Lake township (Benzie County), Michigan (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

TROY vs. LAKE_TOWNSHIP_(BENZIE_COUNTY)
Cost of Living Comparison

Troy, Michigan vs. Lake township (Benzie County), Michigan

Cost of Living Comparison

The cost of living in Lake township (Benzie County), Michigan is 14.4% more expensive than Troy, Michigan.

You would need a salary of $57,188 in Lake township (Benzie County), Michigan to maintain the standard of living you have in Troy, Michigan.

Comparison highlights

• Overall, Lake township (Benzie County), Michigan is more expensive than Troy, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
74% more expensive in Lake township (Benzie County)
than in Troy, Michigan

Troy, MI vs. Lake_Township_(Benzie_County), MI

Compared to Troy, Lake_Township_(Benzie_County) is:

Homeowner

No Child Care, Taxes not Considered

14.4% higher

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

5.2% lower

Housing (Homeowner)

63.2% higher

Housing (Rent)

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Median Home Cost

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Utilities

4.5% lower

Commute

18.7% lower

Health

5.5% higher

Taxes

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Childcare

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Personal

10.0% lower

Cost of Food

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Troy, Michigan vs. Lake township (Benzie County), Michigan

Cost of Living Comparison

Comparison highlights

Troy, MI vs. Lake_Township_(Benzie_County), MI

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