Cost of Living in Lake Fenton, MI

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A-
8%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
38%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake Fenton Michigan National
Cost of living10891100
Groceries9998100
Health care9397100
Housing13876100
Transportation9296100
Utilities97100100
Lifestyle & Entertainment9796100
Household Items9498100
Education & Childcare9095100
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Homes For Sale In Lake Fenton, MI

property for sale

1270 Crystal Pointe Cir

Fenton, MI
property for sale

12078 Mantawauka Dr

Fenton, MI
property for sale

1265 Theresa Dr

Fenton Twp, MI
property for sale

2168 Wiggins Rd

Fenton, MI

Cost Of Living Quick Facts

  • The cost of living in Lake Fenton is 19% higher than the Michigan average
  • The cost of living in Lake Fenton is 8% higher than the national average
  • Lake Fenton housing is 38% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Lake Fenton

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      The best places in Michigan

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$143,220$11,935$3,342$4,297
      Renters$53,497$4,458$1,248$1,605
      To approximate the cost of living and the housing affordability in Lake Fenton, MI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Lake Fenton have a median income of $143,220. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,342 per month to avoid calamity and poverty. The renters in the city have an income of about $53,497, which would make their monthly maximum allowable rental costs $1,248.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Flint, MI99,4367722.9%
      Durand, MI3,4148316.6%
      Gaines, MI4368415.8%
      Burton, MI29,1818514.8%
      Lennon, MI4448614.4%
      Lake Fenton, MI5,8481087.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Trenton, MO5,8508416.1%
      Keyes, CA5,85111818.2%
      West Bountiful, UT5,85112525.1%
      Estherville, IA5,8538613.6%
      Bay Roberts, NL5,853n/a 
      Lake Fenton, MI5,8481087.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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