Madison Lake, MN vs Frankfort, MI: Cost of Living

Which city costs less?

Frankfort, MI has a modeled overall cost index 22.7% lower than Madison Lake, MN.

Madison Lake, MN · modeled 2BR rent: $1,180 / month
Frankfort, MI · modeled 2BR rent: $1,110 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Madison Lake, MN and Frankfort, MI using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Madison Lake, MN

Numbers update automatically as you type

Estimated savings: $1,413/month in Frankfort, MI

$150,000 in your current city has a modeled equivalent of $133,042 in Frankfort, MI

Regional cost estimates: Madison Lake, MN uses Minneapolis, MN. Frankfort, MI uses Milwaukee, WI. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 22.7%

Less expensive

Monthly Impact

$1,413

Savings

Annual Impact

$17.0K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Madison Lake, MN

Population:1K

Cost Index:

88.9

100 = national average

Typical Home:$423K

Frankfort, MI

Population:1K

Cost Index:

68.7

100 = national average

Typical Home:$480K

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Madison Lake, MN

The North Star State

Population

State Tax

Yes

Located in Minnesota, this city has a population of 1K residents.

Frankfort, MI

The Great Lakes State

Population

State Tax

Yes

Located in Michigan, this city has a population of 1K residents.

Cost Breakdown by Category

Estimated monthly spending: Madison Lake, MN vs Frankfort, MI

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Madison Lake, MN	Frankfort, MI	Difference	Change
Housing	$2,308/mo	$1,451/mo	↓ $857less	37.1%
Other	$1,621/mo	$1,347/mo	↓ $274less	16.9%
Groceries	$1,037/mo	$925/mo	↓ $111less	10.7%
Transportation	$1,261/mo	$1,180/mo	↓ $81.13less	6.4%
Healthcare	$761/mo	$693/mo	↓ $67.95less	8.9%
All Utilities	$512/mo	$490/mo	↓ $21.57less	4.2%

Housing

↓ 37.1%

Madison Lake, MN

$2,308

Frankfort, MI

$1,451

Difference

$857

less

Other

↓ 16.9%

Madison Lake, MN

$1,621

Frankfort, MI

$1,347

Difference

$274

less

Groceries

↓ 10.7%

Madison Lake, MN

$1,037

Frankfort, MI

$925

Difference

$111

less

Transportation

↓ 6.4%

Madison Lake, MN

$1,261

Frankfort, MI

$1,180

Difference

$81.13

less

Healthcare

↓ 8.9%

Madison Lake, MN

$761

Frankfort, MI

$693

Difference

$67.95

less

All Utilities

↓ 4.2%

Madison Lake, MN

$512

Frankfort, MI

$490

Difference

$21.57

less

🏠Rent Comparison

Studio

From$920

To$820

↓ $100

1 Bed

From$930

To$850

↓ $80.00

2 Bed

From$1,180

To$1,110

↓ $70.00

3 Bed

From$1,630

To$1,440

↓ $190

Madison Lake, MNZIP-level data

1BR range: $930–$930/mo

Frankfort, MIZIP-level data

1BR range: $850–$850/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Madison Lake, MN

$6,087

Monthly in Frankfort, MI

$1,413

Difference

Home Values

Madison Lake

Frankfort

$423K

Median Value

$480K

↑ +4.6%

YoY Change

↑ +1.6%

↑ +38%

5-Year Change

↑ +52.3%

Homes in Frankfort are 14% more expensive than Madison Lake

Calculate payment - Madison Lake Calculate payment - Frankfort

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $4.1K

Per year

Monthly Difference

$338

More take-home

Effective Rate Diff

2.7%

Rate difference

Madison Lake, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Frankfort, MI

Federal Income Tax

Effective: 18.9%

$25.5K

Michigan State Tax

Effective: 4.3%

$6.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.9%

$43.4K

Take-Home Pay

$8,884/month

$106.6K

Additional Tax Information

Madison Lake, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Frankfort, MI Tax Rates

Sales Tax:6.0%

Property Tax:1.4%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Madison Lake

Frankfort

42 Good

Air Quality

43 Good

66.4%

Good Air Days

68.6%

98 High

Climate Risk

98 High

🌊🌡🌪

Top Hazards

🌊🌡🌪

▲+3.6°F

2050 Outlook

▲+3.3°F

14 days

Heat Days >95°F

13 days

▲+3.6°F

2050 Outlook

▲+3.3°F

14 days

Heat Days >95°F

13 days

Before moving from Madison Lake, MN to Frankfort, MI

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Frankfort, MI for the same bedroom count and included utilities as your home in Madison Lake, MN. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Madison Lake to Frankfort moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Frankfort, MI by cost, housing, population and region.

Frequently Asked Questions: Madison Lake, MN vs Frankfort, MI

How do the cost estimates for Madison Lake, MN and Frankfort, MI compare?

Frankfort, MI has a modeled overall cost index 22.7% lower than Madison Lake, MN. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Madison Lake, MN, the model estimates $133,042 in Frankfort, MI. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Madison Lake, MN and Frankfort, MI?

The modeled two-bedroom rents are $1,180/month in Madison Lake, MN and $1,110/month in Frankfort, MI. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Minnesota and Michigan on TaxTakeHome.com

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