Summary
- • Michigan's overall cost of living index is 89.6, making it 10.4% lower than the national average
- • The median home cost in Michigan is $171,100
- • Michigan's average rent for a one-bedroom apartment is $795 per month
- • The average energy bill in Michigan is $97.41 per month
- • Michigan's average water bill is $40 per month
- • The average cost of internet in Michigan is $60 per month
- • Michigan's average gas price is $3.15 per gallon
- • The average cost of car insurance in Michigan is $2,309 per year
- • Michigan's average public transportation fare is $1.50 per ride
- • The average cost of groceries for a single person in Michigan is $3,026 per year
- • A meal at an inexpensive restaurant in Michigan costs an average of $15
- • The average cost of a gallon of milk in Michigan is $3.05
- • Michigan's average cost for a loaf of bread is $2.73
- • The average cost of health insurance in Michigan is $456 per month
- • A doctor's visit in Michigan costs an average of $108 without insurance
Looking to live the Great Lakes life without breaking the bank? Michigan beckons with a cost of living index of 89.6, a cool 10.4% below the national average. From savoring a $15 meal at an inexpensive restaurant to shelling out $2,309 annually for car insurance, the Mitten State offers a unique blend of affordability and everyday expenses. Dive into the details of Michigans median home cost, energy bills, healthcare expenditures, and even the cost of snow removal in this detailed breakdown of the Average Cost of Living in Michigan.
Family and Education
- The average cost of childcare in Michigan is $10,861 per year for an infant
- Michigan's average in-state tuition for public 4-year colleges is $13,771 per year
- The average cost of private school tuition in Michigan is $8,833 per year
- Michigan's average cost for full-time daycare is $905 per month
- The average cost of after-school care in Michigan is $271 per month
- Michigan's average cost for private elementary school tuition is $7,560 per year
- The average cost of college textbooks in Michigan is $1,240 per year
- The average cost of preschool in Michigan is $8,600 per year
- Michigan's average cost for private high school tuition is $11,080 per year
- The average cost of school supplies in Michigan is $117 per student
- Michigan's average cost for extracurricular activities is $739 per child annually
Interpretation
Michigan, the land of lakes, cherries, and apparently steep educational and childcare costs. From the price tag of raising a mini Wolverine to the investment in higher education, Michiganders are shelling out a pretty penny for their children's future. It seems like even the Spartan could shed a tear at the cost of textbooks and after-school care. So, as the saying goes, "Pure Michigan" might also mean "Pure Expense." Better start saving those pennies or placing your bets on those extracurricular activities to pay off in the long run!
Food and Groceries
- The average cost of groceries for a single person in Michigan is $3,026 per year
- A meal at an inexpensive restaurant in Michigan costs an average of $15
- The average cost of a gallon of milk in Michigan is $3.05
- Michigan's average cost for a loaf of bread is $2.73
- Michigan's average cost for a dozen eggs is $2.99
- The average cost of a pound of chicken breast in Michigan is $4.31
- Michigan's average cost for a pound of apples is $1.73
- The average cost of a three-course meal for two at a mid-range restaurant in Michigan is $60
- The average cost of a pound of ground beef in Michigan is $4.29
- Michigan's average cost for a pound of potatoes is $0.99
- The average cost of a bottle of wine in Michigan is $12
- Michigan's average cost for a cappuccino is $4.22
Interpretation
Michigan, where a loaf of bread is cheaper than a pound of chicken breast, making you wonder whether you should bake your own bread or raise your own chickens in the backyard. With the cost of living statistics lining up like a complex math problem, it seems that Michiganders have to carefully calculate their grocery budgets to enjoy a meal out, while pondering whether a cappuccino is worth the splurge. In this state of culinary arithmetic, where milk comes with a higher price tag than wine, one thing is for sure – life in Michigan is a flavorful equation waiting to be solved with a sprinkle of wit and a dash of thriftiness.
Healthcare
- The average cost of health insurance in Michigan is $456 per month
- A doctor's visit in Michigan costs an average of $108 without insurance
- The average cost of a dental check-up in Michigan is $90
- Michigan's average cost for prescription drugs is $1,238 per person annually
- Michigan's average annual healthcare spending per capita is $8,874
- The average cost of an emergency room visit in Michigan is $1,233
- Michigan's average cost for a month's supply of diabetes medication is $360
- The average cost of braces in Michigan is $5,000
- The average cost of a dental crown in Michigan is $1,093
- Michigan's average cost for eyeglasses is $196
- The average cost of a hearing aid in Michigan is $2,372 per ear
- Michigan's average cost for a physical therapy session is $75
Interpretation
In Michigan, it's not just the Great Lakes that are vast, but also the expansiveness of healthcare costs. From a doctor's visit costing a Benjamin to needing to drop five grand on braces, it seems like the state has a knack for making wallets shrink faster than a snowman in July. Whether it's the eye-watering cost of a dental crown or the ear-splitting price tag on a hearing aid, Michiganders might find themselves opting for a DIY healthcare plan involving duct tape and wishful thinking. Just remember, in the state of good hands, you might need a few more hands to cover those hefty healthcare bills.
Housing Costs
- The median home cost in Michigan is $171,100
- Michigan's average rent for a one-bedroom apartment is $795 per month
- Michigan's average property tax rate is 1.54% of assessed home value
- The average cost of homeowners insurance in Michigan is $1,083 per year
- Michigan's median monthly mortgage payment is $1,251
- The average cost of renters insurance in Michigan is $182 per year
- Michigan's average cost for home maintenance and repairs is 1-4% of home value annually
- The average cost of a home security system in Michigan is $30 per month
- Michigan's average cost for lawn care and landscaping is $133 per visit
- The average cost of snow removal in Michigan is $75 per visit
Interpretation
Navigating the cost of living in Michigan is like embarking on a financial adventure: a rollercoaster ride through the snowy peaks of property taxes, the lush landscape of lawn care, and the security maze of home insurance. With a median home cost of $171,100 and an average rent of $795, residents truly get a taste of the diverse terrain. But fear not, intrepid Michiganders, for armed with your trusty security system, a sturdy shovel for snow removal, and a keen eye for budgeting (1-4% for maintenance, anyone?), you can conquer this budgetary wilderness like a real estate explorer. Just remember: even in the wilds of Michigan, a little humor and savvy financial planning can turn any cost into a manageable expense.
Overall Cost of Living
- Michigan's overall cost of living index is 89.6, making it 10.4% lower than the national average
Interpretation
Michigan's cost of living index at 89.6 might make some people think they've stumbled into a hidden treasure chest of affordability, with prices so low you'd think they were on clearance. It's like the state is whispering to the rest of the country, "Hey, come on over and let your wallet breathe a sigh of relief." But let's not get too carried away with visions of discounted dream homes just yet. It's not all unicorns and rainbows in the Great Lakes State, but hey, at least your bank account might thank you for the move.
Transportation
- Michigan's average gas price is $3.15 per gallon
- The average cost of car insurance in Michigan is $2,309 per year
- Michigan's average public transportation fare is $1.50 per ride
- The average cost of a new car in Michigan is $41,439
- Michigan's average annual cost for vehicle maintenance and repairs is $385
- The average cost of a monthly public transportation pass in Michigan is $65
- Michigan's average cost for an oil change is $46
- The average cost of a driver's license in Michigan is $25
- Michigan's average cost for vehicle registration is $135 per year
Interpretation
With gas prices soaring at $3.15 a gallon, driving in Michigan might make you wish you were wealthy enough not to need car insurance, which is a whopping $2,309 annually! If you're considering public transport to save some cash, think again; at $1.50 a ride or $65 for a monthly pass, it might be cheaper to just keep your luxurious-sounding $41,439 new car parked. And don't forget about that $385 average yearly maintenance cost – seems like Michigan residents are paying a pretty penny just to stay on the move! So next time you fork out that $25 for a driver's license or $135 for registration, just remember: the price of living the American automotive dream in Michigan is no small change!
Utilities
- The average energy bill in Michigan is $97.41 per month
- Michigan's average water bill is $40 per month
- The average cost of internet in Michigan is $60 per month
- Michigan's average electricity rate is 16.26 cents per kWh
- The average cost of natural gas in Michigan is $10.67 per thousand cubic feet
- Michigan's average monthly phone bill is $113
- The average cost of trash collection in Michigan is $30 per month
- Michigan's average cost for cable TV is $85 per month
- The average cost of streaming services in Michigan is $47 per month
Interpretation
Michigan residents certainly pay a steep price for the modern conveniences we often take for granted. From electricity rates that make you consider a life by candlelight to phone bills that could rival a blockbuster movie subscription, it's clear that the cost of living in the Great Lakes State extends beyond just property prices. So, next time you're tempted to complain about your streaming service bill, just remember that Michiganders are juggling sky-high energy costs, water bills that could quench a desert, and a trash collection fee that could have you reconsidering your waste-production habits. It's a tough gig, but someone's got to keep those lights on.