D-
23%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
91%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index East Grand Rapids Michigan National
Cost of living12389100
Goods & Services9093100
Groceries9599100
Health care9493100
Housing19174100
Transportation9597100
Utilities102101100

An Overview of Cost of Living in East Grand Rapids, MI

Knowing the cost of living in East Grand Rapids allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in East Grand Rapids stands at 123, marking it 23% higher than the national average.

If you value affordability in your search for a new place to live, East Grand Rapids may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, East Grand Rapids falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in East Grand Rapids, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 91.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is East Grand Rapids Affordable?

Is East Grand Rapids affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take East Grand Rapids, for instance, where the median home price falls 114% higher than the national average, and monthly rent rates are 38.4% higher than usual. Additionally, median income levels contribute to the equation, with East Grand Rapids flaunting a median household income of $141,406, 155.6% higher than the national norm.

What Factors can Influence the Cost of Living in East Grand Rapids?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In East Grand Rapids, the standard sales tax rate starts at 6%, and the income tax rates commence at 4.25%.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In East Grand Rapids, the utilities index is 2.3% higher than the national average.

Where is the Data From?

The East Grand Rapids cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in East Grand Rapids is 38% higher than the Michigan average
  • The cost of living in East Grand Rapids is 23% higher than the national average
  • East Grand Rapids housing is 91% 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 East Grand Rapids

See all the best places to live around East Grand Rapids

Compare East Grand Rapids, MI Cost of Living

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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
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$144,551$12,046$3,373$4,337
      Renters$76,029$6,336$1,774$2,281
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in East Grand Rapids, MI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for East Grand Rapids homeowners, is $144,551. This would allow for a maximum of $3,373 per month to be spent on housing costs. For renters, the median monthly income is $76,029 which would result in a maximum of $1,774 to be spent on rental costs.

      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%

      Goods & Services

      Item East Grand Rapids National avg. Difference
      Haircut $24.53$24.261.1%
      Beauty Salon $56.27$45.5623.5%
      Toothpaste $3.64$3.701.8%
      Shampoo $1.40$1.289.1%
      Movie $11.22$12.137.5%
      Bowling $22.17$18.0023.1%

      Groceries

      Item East Grand Rapids National avg. Difference
      Ground Beef $5.51$5.845.7%
      Fried Chicken $1.69$1.577.7%
      Milk $4.84$4.673.6%
      Potatoes $4.77$4.933.3%
      Pizza $10.99$12.099.1%
      Beer $9.38$10.419.9%

      Health Care

      Item East Grand Rapids National avg. Difference
      Optometrist $91.40$125.6827.3%
      Doctor $139.14$135.782.5%
      Dentist $120.35$113.296.2%
      Ibuprofen $10.88$10.652.1%
      Lipitor $504.80$468.607.7%

      Housing

      Item East Grand Rapids National avg. Difference
      Home Price $395,200.00$184,700.00114.0%
      Avg. Mortgage Payment $2,520.64$2,346.697.4%
      Apartment Rent $1,313.00$949.0038.4%

      Transportation

      Item East Grand Rapids National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $60.57$59.921.1%

      Utilities

      Item East Grand Rapids National avg. Difference
      All Electricity $180.47$193.997.0%
      Phone $184.98$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Freeport, MI5818415.5%
      Sparta, MI4,3908812.3%
      Wyoming, MI75,9999010.4%
      Lowell, MI4,136928.3%
      Cutlerville, MI17,988928.1%
      East Grand Rapids, MI11,85512322.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Florida City, FL11,8551043.5%
      Crestwood, MO11,8591021.7%
      Maltby, WA11,84517271.6%
      Robertsville, NJ11,86615655.7%
      Delhi, CA11,83711918.8%
      East Grand Rapids, MI11,85512322.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.