Cost Of Living in Temperance, MI

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	Temperance	Michigan	National
Cost of living	98	89	100
Goods & Services	102	93	100
Groceries	103	99	100
Health care	102	93	100
Housing	92	74	100
Transportation	100	97	100
Utilities	94	101	100

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Cost Of Living Quick Facts

The cost of living in Temperance is 10% higher than the Michigan average
The cost of living in Temperance is 2% lower than the national average
Temperance housing is 8% 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

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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	$90,507	$7,542	$2,112	$2,715
Renters	$22,065	$1,839	$515	$662

The affordability of the housing market in Temperance, MI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Temperance homeowners, the median income is $90,507. This indicates that a monthly maximum of $2,112 should be spent by homeowners on all housing related costs. Renters have a median income of $22,065. This indicates that renters would have a maximum of $515 for their rent related monthly 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	Temperance	National avg.	Difference
Haircut	$16.80	$24.26	30.8%
Beauty Salon	$24.78	$45.56	45.6%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.13	$1.28	11.8%
Movie	$12.99	$12.13	7.1%
Bowling	$12.33	$18.00	31.5%

Groceries

Item	Temperance	National avg.	Difference
Ground Beef	$5.75	$5.84	1.5%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.78	$4.67	2.3%
Potatoes	$4.80	$4.93	2.8%
Pizza	$8.99	$12.09	25.6%
Beer	$9.04	$10.41	13.2%

Health Care

Item	Temperance	National avg.	Difference
Optometrist	$85.00	$125.68	32.4%
Doctor	$103.33	$135.78	23.9%
Dentist	$91.00	$113.29	19.7%
Ibuprofen	$10.22	$10.65	4.1%
Lipitor	$490.11	$468.60	4.6%

Housing

Item	Temperance	National avg.	Difference
Home Price	$171,000.00	$184,700.00	7.4%
Avg. Mortgage Payment	$1,709.07	$2,346.69	27.2%
Apartment Rent	$874.00	$949.00	7.9%

Transportation

Item	Temperance	National avg.	Difference
Gasoline	$3.35	$3.46	3.1%
Tire Balancing	$56.00	$59.92	6.5%

Utilities

Item	Temperance	National avg.	Difference
All Electricity	$219.20	$193.99	13.0%
Phone	$184.44	$192.25	4.1%

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.
Harbor View, OH	156	100	0.4%
Williston, OH	419	85	15.2%
Toledo, OH	275,116	87	13.2%
West Monroe, MI	3,261	88	11.8%
Luna Pier, MI	1,134	89	11.4%
Temperance, MI	8,961	98	1.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Garden City, GA	8,957	92	8.1%
Picture Rocks, AZ	8,955	97	3.3%
University of Virginia, VA	8,955	125	25.2%
Pine Lake Park, NJ	8,954	120	19.9%
Willow Street, PA	8,953	119	19.5%
Temperance, MI	8,961	98	1.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Temperance, MI