Big Rapids 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.
IndexBig RapidsMichiganNational
Cost of living index8589100
IndexBig RapidsMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index5675100
Transportation index9797100
Utilities index96100100
A general summary of the cost of living index in Big Rapids, MI is shown above. Compared to the state average of Michigan the cost of living index in Big Rapids, MI is 85, which is 5% lower than the average in Michigan and compared to the national average it is 15% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Big Rapids, MI goods and services come in at 6% higher than the average in Michigan and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Big Rapids is 5% lower than the Michigan average.
  • The cost of living in Big Rapids is 15% lower than the national average.
  • The cost of housing in Big Rapids is 44% 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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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Big Rapids, MI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Big Rapids, MI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Big Rapids, MI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,951$4,663$1,305$1,679
Renters$16,880$1,407$394$506
If you want to find a good determining factor for the cost of living and the general affordability of housing in Big Rapids, MI, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Big Rapids, MI, the median monthly income is $55,951 for those who own their own homes. Under the standard rule, that income level would allow for $1,305 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,880, per the median income in the area. That would allow for renters to spend up to $394 on monthly rental expenses.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
The Michigan sales tax and Michigan income tax rates should definitely be considered when determining the overall cost of living in Big Rapids, MI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Michigan sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemBig RapidsNational 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%

Groceries

ItemBig RapidsNational 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

ItemBig RapidsNational 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%

Housing

ItemBig RapidsNational avg.Difference
Home Price $95,100.00$181,400.0047.6%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $564.00$889.0036.6%

Transportation

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

Utilities

ItemBig RapidsNational 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.
Evart, MI1,64182-18%
Reed City, MI2,69382-18%
Mecosta, MI48583-17%
Hersey, MI40083-17%
Stanwood, MI16783-17%
Big Rapids, MI10,65785-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodbury, NY10,65514141%
Orange City, FL10,65392-8%
Muscoy, CA10,6621055%
Vermillion, SD10,66288-12%
Red Oak, TX10,6631000%
Big Rapids, MI10,65785-15%
Source: The Big Rapids, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.