Vanderbilt, MI Cost of Living


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United States / Michigan / No Metro Area / Otsego County / Vanderbilt / Zip Codes

Vanderbilt cost of living score
80.2
Less expensive
19.8% lower
than the US average
12.3% lower
than the Michigan average
Vanderbilt, Michigan gets a BestPlaces Cost of Living score of 80.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.8% lower than the U.S. average and 12.3% higher than the average for Michigan.

Vanderbilt, MI

Housing costs in Vanderbilt?
A typical home costs $152,900, which is 54.8% less expensive than the national average of $338,100 and 30.1% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Vanderbilt costs $910 per month, which is 36.4% cheaper than the national average of $1,430 and 20.9% cheaper than the state average of $1,100.

Can I afford Vanderbilt?
To live comfortably in Vanderbilt, Michigan, a minimum annual income of $29,160 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Vanderbilt?
The cost of living in Vanderbilt, MI is quite reasonable compared to many other cities and towns around the country. The median home price in Vanderbilt is $74,000, which is significantly lower than the national average of $218,000. Additionally, the average cost of utilities in Vanderbilt is 12% below the national average. Fuel prices are also very affordable in Vanderbilt, with a gallon of gas costing an average of $2.51 compared to the national average of $2.78 per gallon. All these factors make it an ideal place for those looking to live a comfortable life without spending too much money on expenses.
   Cost of living score
     CategoriesVanderbiltMichiganUnited States
  80.291.5100.0
  89.493.4100
  85.584.8100.0
  45.771.2100.0
  $152,900$218,700$338,100
  101.7%100.1%100.0%
  84.6115.1100.0
  94.295.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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