A+
4%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
2%
Housing NAT. AVG.
Search Homes for Sale
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 Northview Michigan National
Cost of living9689100
Goods & Services9093100
Groceries9599100
Health care9493100
Housing10274100
Transportation9597100
Utilities102101100

An Overview of Cost of Living in Northview, MI

Understanding the cost of living in Northview 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 Northview cost of living index is 96, which is 4% 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 Northview is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Northview Affordable?

Is Northview 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 Northview, for instance, where the median home price falls 1% lower than the national average, and monthly rent rates are 10.5% higher than usual. Additionally, median income levels contribute to the equation, with Northview flaunting a median household income of $62,973, 13.8% higher than the national norm.

What Factors can Influence the Cost of Living in Northview?

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 Northview, the standard sales tax rate starts at 6%, and the income tax rates commence at 4.25%.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Northview, the utilities index stands at 2.3% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Northview, the groceries index is 5.3% lower than the national average.

Where is the Data From?

The Northview 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.

New Real Estate Listings in Northview Area
Search Homes for Sale in Northview, MI

Cost Of Living Quick Facts

  • The cost of living in Northview is 8% higher than the Michigan average
  • The cost of living in Northview is 4% lower than the national average
  • Northview housing is 2% 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 Northview

See all the best places to live around Northview

Compare Northview, MI Cost of Living

      vs
      How would you rate the cost of living in Northview?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Northview?
      Write a review to give others more information about this area.
      See all Northview poll results

      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$77,636$6,470$1,811$2,329
      Renters$36,725$3,060$857$1,102
      To approximate the cost of living and the housing affordability in Northview, MI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Northview have a median income of $77,636. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,811 per month to avoid calamity and poverty. The renters in the city have an income of about $36,725, which would make their monthly maximum allowable rental costs $857.

      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 Northview 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 Northview 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 Northview 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 Northview National avg. Difference
      Home Price $182,900.00$184,700.001.0%
      Avg. Mortgage Payment $2,520.64$2,346.697.4%
      Apartment Rent $1,049.00$949.0010.5%

      Transportation

      Item Northview National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $60.57$59.921.1%

      Utilities

      Item Northview 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.
      Kent City, MI1,1738317.1%
      Sparta, MI4,3908812.3%
      Cedar Springs, MI3,7038811.8%
      Wyoming, MI75,9999010.4%
      Casnovia, MI280918.7%
      Northview, MI15,209963.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Rutland, VT15,2071011.0%
      Front Royal, VA15,2141099.2%
      Jamestown, ND15,216928.2%
      Lake Country, BC15,217n/a 
      Hudson, MA15,22213535.3%
      Northview, MI15,209963.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.