Michigan gets a BestPlaces Cost of Living index of 91.5, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 8.5 percent lower than the U.S. average and 8.5 percent lower than the average for Michigan.
A typical home costs $218,700, which is 35.3 percent less expensive than the national average of $338,100 and 35.3 percent less expensive than the average Michigan home, at $338,100. Renting a two-bedroom unit in Michigan costs $1,100 per month, which is 23.1 percent more than the national average of $1,430 and close to the state average of $1,100.
To live comfortably in Michigan, a minimum annual income of $41,760 for a family, and $35,200 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Michigan is cheaper than the US average. A cost of living index above 100 means Michigan, Michigan is more expensive.
Michigan cost of living is 91.5