Alma cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8389100
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index5073100
Transportation index9797100
Utilities index96100100
The above illustration supplies generalized information for the Alma, MI cost of living index. Compared to other cities in Michigan and cities across the country, the cost of living index in Alma, MI is 83, which is 6% lower than the Michigan average and 17% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Alma, MI are 6% higher than the average for Michigan and 1% higher than the rest of the country.

Did you know?

  • The cost of living in Alma is 6% lower than the Michigan average.
  • The cost of living in Alma is 17% lower than the national average.
  • The cost of housing in Alma is 50% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Compare Alma, MI Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Alma, MI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Alma, MI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Alma, MI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Alma, MI as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Alma, MI homeowners, the median income is $49,866. This indicates that a monthly maximum of $1,163 should be spent by homeowners on all housing related costs. Renters have a median income of $17,611. This indicates that renters should have a maximum of $411 used for their rent related monthly costs.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Alma, MI, the Michigan income tax and the Michigan sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Michigan maximum surtax is 6%, and the Michigan sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.25% to 4.25% in Michigan.

Goods & Services

ItemAlmaNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $35.00$34.680.9%
Toothpaste $1.72$2.4730.5%
Shampoo $0.98$1.024.1%
Movie $10.15$9.872.9%
Bowling $4.27$4.392.8%


ItemAlmaNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.19$1.4618.7%
Milk $2.45$2.364.0%
Potatoes $2.82$3.067.9%
Pizza $8.96$9.243.1%
Beer $9.04$8.634.7%

Health Care

ItemAlmaNational avg.Difference
Optometrist $84.50$99.7815.3%
Doctor $94.00$105.0310.5%
Dentist $79.67$88.7010.2%
Ibuprofen $8.48$9.419.9%
Lipitor $342.99$298.5014.9%


ItemAlmaNational avg.Difference
Home Price $79,800.00$175,700.0054.6%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $550.00$920.0040.2%


ItemAlmaNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%


ItemAlmaNational avg.Difference
All Electricity$159.83$170.806.4%
Phone $27.99$28.260.9%
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, StatePopulationCost of Living IndexNational Avg.
St. Louis, MI7,34782-18%
Breckenridge, MI1,28282-18%
Carson City, MI1,08082-18%
Perrinton, MI49684-16%
Ashley, MI50184-16%
Alma, MI9,28983-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fairless Hills, PA9,28911717%
Alachua, FL9,29199-1%
Clarksville, AR9,28683-17%
Pine Lake Park, NJ9,29511818%
Pleasanton, TX9,28387-13%
Alma, MI9,28983-17%
Source: The Alma, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.