What is the cost of living in Lake Fenton, MI?
According to the most recent data on the cost of living, Lake Fenton has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Michigan, Lake Fenton has a cost of living index that's 1.2x higher than Michigan's index of 91.
The standard of living in Lake Fenton ranks as #155 most affordable out of the 179 places we measured in Michigan. By definition, that implies Lake Fenton ranks as the #24 most expensive place in the Wolverine State.
For more reading on life in Lake Fenton, check out:
Lake Fenton Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Lake Fenton. Here is how it fares on each of the criteria:
The Services index in Lake Fenton is 99.
The Groceries index in Lake Fenton is 95.
The Health index in Lake Fenton is 140.
The Housing index in Lake Fenton is 90.
The Transportation index in Lake Fenton is 98.
The Utilities index in Lake Fenton is 96.
| Living Expense | Lake Fenton | Michigan | National Average |
|---|---|---|---|
| Overall | 106 | 91 | 100 |
| Services | 99 | 97 | 100 |
| Groceries | 95 | 98 | 100 |
| Health | 140 | 75 | 100 |
| Housing | 90 | 98 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 96 | 98 | 100 |
Lake Fenton Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Lake Fenton Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake Fenton, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lake Fenton is $445,212.
The Median Rent in Lake Fenton is $1,547.
The Median Income in Lake Fenton is $116,352.
The Home Value To Income in Lake Fenton is 3.8x.
The Rent To Monthly Income in Lake Fenton is 0.16x.
| Statistic | Lake Fenton | Michigan | United States |
|---|---|---|---|
| Median Home Value | $445,212 | $259,857 | $332,700 |
| Median Rent | $1,547 | $1,129 | $1,413 |
| Median Income | $116,352 | $72,875 | $80,734 |
| Home Value To Income | 3.8x | 3.6x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.21x |
Lake Fenton, MI Costs By Category
Detailed Lake Fenton Services costs vs. Michigan
| Item | Lake Fenton | Michigan |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $12.33 | $18 |
| Haircut | $16.8 | $24.26 |
| Beauty Salon | $24.78 | $45.56 |
Detailed Lake Fenton Groceries costs vs. Michigan
| Item | Lake Fenton | Michigan |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.8 | $4.93 |
| Pizza | $8.99 | $12.09 |
| Beer | $9.04 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Lake Fenton Health costs vs. Michigan
| Item | Lake Fenton | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Lake Fenton Transportation costs vs. Michigan
| Item | Lake Fenton | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Lake Fenton Utilities costs vs. Michigan
| Item | Lake Fenton | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Lake Fenton SnackAbility
Cost Of Living In Cities Around Lake Fenton
The cost of living varies in the cities and towns around Lake Fenton. Here's a quick look at the cost of living in the most populous nearby places:
Burton, MI has a cost of living index of 86, 0.8x Lake Fenton.
Fenton, MI has a cost of living index of 95, 0.9x Lake Fenton.
Howell, MI has a cost of living index of 95, 0.9x Lake Fenton.
| City | Population | Cost Of Living | Vs. Lake Fenton |
|---|---|---|---|
| Burton, MI | 29,500 | 86 | 0.8x |
| Fenton, MI | 11,906 | 95 | 0.9x |
| Howell, MI | 10,021 | 95 | 0.9x |
| Beecher, MI | 8,412 | 78 | 0.7x |
| Flushing, MI | 8,284 | 88 | 0.8x |
| Grand Blanc, MI | 7,987 | 96 | 0.9x |
| Milford, MI | 6,487 | 108 | 1.0x |
| Holly, MI | 5,964 | 90 | 0.8x |
| Swartz Creek, MI | 5,853 | 89 | 0.8x |
| Davison, MI | 5,076 | 90 | 0.8x |
