Michigan Cost of Living Calculator
Compare Michigan cost of living (index: 91.4). Calculate equivalent salary needed when moving to or from Michigan.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Michigan's cost of living index is 91.4 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Michigan cost of living index: 91.4. Michigan is close to the national average in overall cost. Median household income: $63,202. Median 2BR rent: $1020/month.
Frequently Asked Questions
What is the cost of living in Michigan?
Michigan's cost of living index is 91.4, where 100 is the national average. This means living in Michigan costs about 9% less than the national average.
Is Michigan expensive to live in?
Michigan has a moderate cost of living, close to the national average. Median home price: $235,000.
How much do I need to earn in Michigan to live comfortably?
Based on a cost of living index of 91.4 and the 50-30-20 budgeting rule, a comfortable salary in Michigan would be approximately $37,291/year for a single person renting a 2BR apartment.
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