Caldwell, MI Cost of Living


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How much do I need to live in Caldwell, Michigan?
$2,700 / month
for a family, 50.0% less expensive than the national average A total of $32,400 for the year for a family.
$2,200 / month
for a single person, 53.8% less expensive than the national average A total of $26,400 for the year for a single person.

Caldwell cost of living score
76.8
Less expensive
23.2% lower
than the US average
16.1% lower
than the Michigan average
Caldwell, Michigan gets a BestPlaces Cost of Living score of 76.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.2% lower than the U.S. average and 16.1% higher than the average for Michigan.

Caldwell, MI

Housing costs in Caldwell?
A typical home costs $168,200, which is 50.3% less expensive than the national average of $338,100 and 23.1% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Caldwell costs $860 per month, which is 39.9% more than the national average of $1,430 and 27.9% more than the state average of $1,100.

Can I afford Caldwell?
To live comfortably in Caldwell, Michigan, a minimum annual income of $32,400 for a family, and $26,400 for a single person is recommended.

What does A.I. say about Caldwell?
Caldwell, MI has an affordable cost of living, making it a great place to call home. The median home cost is around $82,000, which is significantly lower than the national average. Additionally, the cost of groceries and healthcare are relatively low compared to other parts of the country. The average price for a rental is around $700 per month as well, making it easier for those with limited incomes to find affordable housing in the area. Overall, Caldwell offers a great quality of life at an affordable cost.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCaldwellMichiganUnited States
    Unlock91.5100.0
  90.6  Unlock100.0
    Unlock84.8100.0
  47.6  Unlock100.0
    Unlock$218,700$338,100
  101.3  Unlock100.0
    Unlock115.1100.0
  84.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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