Cost of Living in Lake Michigan Beach, MI

A+
13%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
29%
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 Lake Michigan Beach Michigan National
Cost of living8789100
Goods & Services8893100
Groceries9899100
Health care8493100
Housing7174100
Transportation9697100
Utilities107101100
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Cost Of Living Quick Facts

  • The cost of living in Lake Michigan Beach is 3% lower than the Michigan average
  • The cost of living in Lake Michigan Beach is 13% lower than the national average
  • Lake Michigan Beach housing is 29% lower 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 Lake Michigan Beach

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Compare Lake Michigan Beach, MI Cost of Living

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      Salary Calculator

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      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$72,042$6,004$1,681$2,161
      Renters$0$0$0$0

      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 Lake Michigan Beach National avg. Difference
      Haircut $19.25$24.2620.6%
      Beauty Salon $26.42$45.5642.0%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.14$1.2811.0%
      Movie $8.35$12.1331.2%
      Bowling $16.07$18.0010.7%

      Groceries

      Item Lake Michigan Beach National avg. Difference
      Ground Beef $6.62$5.8413.4%
      Fried Chicken $1.38$1.5712.3%
      Milk $4.65$4.670.4%
      Potatoes $4.58$4.937.2%
      Pizza $11.14$12.097.8%
      Beer $9.06$10.4112.9%

      Health Care

      Item Lake Michigan Beach National avg. Difference
      Optometrist $74.50$125.6840.7%
      Doctor $121.31$135.7810.7%
      Dentist $112.00$113.291.1%
      Ibuprofen $10.34$10.652.9%
      Lipitor $490.47$468.604.7%

      Housing

      Item Lake Michigan Beach National avg. Difference
      Home Price $130,400.00$184,700.0029.4%
      Avg. Mortgage Payment $1,416.13$2,346.6939.7%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      Item Lake Michigan Beach National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $54.56$59.929.0%

      Utilities

      Item Lake Michigan Beach National avg. Difference
      All Electricity $205.85$193.996.1%
      Phone $184.44$192.254.1%
      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.
      Benton Heights, MI4,1517722.6%
      Benton Harbor, MI9,8067821.7%
      Hartford, MI2,5888119.4%
      Bangor, MI2,1358118.7%
      Watervliet, MI2,0828317.4%
      Lake Michigan Beach, MI1,1108713.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hotevilla-Bacavi, AZ1,110946.4%
      Black Diamond, FL1,11011414.1%
      Percy, IL1,1108217.6%
      Johnson City, KS1,1108217.9%
      Algonquin, MD1,1101087.9%
      Lake Michigan Beach, MI1,1108713.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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