A+
9%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
31%
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 Mount Clemens Michigan National
Cost of living9189100
Goods & Services10293100
Groceries10399100
Health care10293100
Housing6974100
Transportation10097100
Utilities94101100

An Overview of Cost of Living in Mount Clemens, MI

Understanding the cost of living in Mount Clemens can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Mount Clemens cost of living index is 91, which is 9% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Mount Clemens aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Mount Clemens residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Mount Clemens Affordable?

Wondering if Mount Clemens is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Mount Clemens, for example, the median home price is 35.7% lower than what folks pay nationally, and monthly rent is 19.8% lower than the usual rates. Plus, income levels matter too, with Mount Clemens boasting a median household income of $47,528, which is 14.1% lower than the national average.

What Factors can Influence the Cost of Living in Mount Clemens?

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.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Mount Clemens, the groceries index is 3.4% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Mount Clemens comes in at 5.6% lower than the national average.

Where is the Data From?

The cost of living in Mount Clemens, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Mount Clemens is 2% higher than the Michigan average
  • The cost of living in Mount Clemens is 9% lower than the national average
  • Mount Clemens housing is 31% 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 Mount Clemens

See all the best places to live around Mount Clemens

Compare Mount Clemens, 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$65,776$5,481$1,535$1,973
      Renters$25,284$2,107$590$759
      A good indicator of the general affordability of housing in Mount Clemens, MI, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Mount Clemens, the median monthly income is $65,776 for those who own their own homes. Under the standard rule, that income level would allow for $1,535 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,284, per the median income in the area. That would allow for renters to spend up to $590 on monthly rental expenses.

      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 Mount Clemens National avg. Difference
      Haircut $16.80$24.2630.8%
      Beauty Salon $24.78$45.5645.6%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.13$1.2811.8%
      Movie $12.99$12.137.1%
      Bowling $12.33$18.0031.5%

      Groceries

      Item Mount Clemens National avg. Difference
      Ground Beef $5.75$5.841.5%
      Fried Chicken $1.41$1.5710.4%
      Milk $4.78$4.672.3%
      Potatoes $4.80$4.932.8%
      Pizza $8.99$12.0925.6%
      Beer $9.04$10.4113.2%

      Health Care

      Item Mount Clemens National avg. Difference
      Optometrist $85.00$125.6832.4%
      Doctor $103.33$135.7823.9%
      Dentist $91.00$113.2919.7%
      Ibuprofen $10.22$10.654.1%
      Lipitor $490.11$468.604.6%

      Housing

      Item Mount Clemens National avg. Difference
      Home Price $118,800.00$184,700.0035.7%
      Avg. Mortgage Payment $1,709.07$2,346.6927.2%
      Apartment Rent $761.00$949.0019.8%

      Transportation

      Item Mount Clemens National avg. Difference
      Gasoline $3.35$3.463.1%
      Tire Balancing $56.00$59.926.5%

      Utilities

      Item Mount Clemens National avg. Difference
      All Electricity $219.20$193.9913.0%
      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.
      Highland Park, MI10,8188218.3%
      Hamtramck, MI21,7048614.3%
      Center Line, MI8,2128812.0%
      Hazel Park, MI16,4528910.7%
      Eastpointe, MI32,221909.8%
      Mount Clemens, MI16,212918.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hernando, MS16,2061000.1%
      Fairview Park, OH16,219955.5%
      Stanford, CA16,200325224.9%
      Griffith, IN16,198981.9%
      Auburndale, FL16,230982.2%
      Mount Clemens, MI16,212918.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.