Bessemer 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.
IndexBessemerMichiganNational
Cost of living index7689100
IndexBessemerMichiganNational
Goods & Services index9494100
Groceries index9594100
Health care index109100100
Housing index3373100
Transportation index94101100
Utilities index9396100

Did you know?

  • The cost of living in Bessemer is 14% lower than the Michigan average.
  • The cost of living in Bessemer is 24% lower than the national average.
  • The cost of housing in Bessemer is 67% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,971$4,498$1,259$1,619
Renters$14,904$1,242$348$447

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemBessemerNational avg.Difference
Haircut $15.98$15.562.7%
Beauty Salon $19.59$36.1145.7%
Toothpaste $2.33$2.475.9%
Shampoo $0.95$0.961.2%
Movie $9.00$10.1311.1%
Bowling $3.25$4.7431.4%

Groceries

ItemBessemerNational avg.Difference
Ground Beef $4.33$3.988.7%
Fried Chicken $1.56$1.4110.9%
Milk $1.74$2.0615.8%
Potatoes $2.12$2.9828.8%
Pizza $10.66$9.4712.6%
Beer $7.80$8.7911.3%

Health Care

ItemBessemerNational avg.Difference
Optometrist $115.92$101.0414.7%
Doctor $153.30$107.4442.7%
Dentist $85.22$90.425.7%
Ibuprofen $9.49$9.282.3%
Lipitor $409.19$426.504.1%

Housing

ItemBessemerNational avg.Difference
Home Price $46,200.00$175,700.0073.7%
Avg. Mortgage Payment $1,034.50$1,133.238.7%
Apartment Rent $439.00$920.0052.3%

Transportation

ItemBessemerNational avg.Difference
Gasoline $2.08$1.994.3%
Tire Balancing $33.03$45.7627.8%

Utilities

ItemBessemerNational avg.Difference
All Electricity$142.66$163.8112.9%
Phone $28.88$28.391.7%
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.
Iron Belt, WI20975-25%
Pence, WI12077-23%
Wakefield, MI1,83777-23%
Ironwood, MI5,23777-23%
Hurley, WI1,57078-22%
Bessemer, MI1,97476-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Liberty, UT1,97411919%
Rockdale, IL1,97496-4%
Chevy Chase Village, MD1,974309209%
Lithonia, GA1,97588-12%
Meyersdale, PA1,97582-18%
Bessemer, MI1,97476-24%
Source: The Bessemer, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.