Cost of Living in Zip 49320 (Chippewa Lake, MI)

The cost of living in 49320 Chippewa Lake, MI is relatively low compared to many parts of the country. According to BestPlaces.net, the overall cost of living index in Chippewa Lake is 81.3, which is 19.7 points lower than the national average. Housing costs in particular are very affordable; the median home value is $66,700 and the median rent price is only $647 per month. Additionally, goods and services such as groceries and utilities are significantly cheaper than they would be elsewhere in Michigan or even nationally. As a result, residents of 49320 Chippewa Lake can enjoy a great quality of life without having to spend too much money on everyday expenses.

Our cost of living indices are based on a US average of 100. An amount below 100 means Chippewa Lake (zip 49320) is cheaper than the US average. A cost of living index above 100 means Chippewa Lake (zip 49320), Michigan is more expensive.

Chippewa Lake (zip 49320) cost of living is 76.7