Buena Vista 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.
IndexBuena VistaMichiganNational
Cost of living index7889100
IndexBuena VistaMichiganNational
Goods & Services index9394100
Groceries index8994100
Health care index94100100
Housing index3773100
Transportation index112101100
Utilities index10196100
A general overview of the cost of living index for Buena Vista, MI is displayed above. In Buena Vista, MI, the overall cost of living index is 78, which is 12% lower than the Michigan average and 22% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Buena Vista, MI, the city's goods and services are 2% lower than the Michigan average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Buena Vista is 12% lower than the Michigan average.
  • The cost of living in Buena Vista is 22% lower than the national average.
  • The cost of housing in Buena Vista is 63% 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 Buena Vista, MI Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Buena Vista, MI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Buena Vista, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Buena Vista, MI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$34,063$2,839$795$1,022
Renters$14,461$1,205$337$434
The affordability of the housing market in Buena Vista, 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 Buena Vista, MI homeowners, the median income is $34,063. This indicates that a monthly maximum of $795 should be spent by homeowners on all housing related costs. Renters have a median income of $14,461. This indicates that renters should have a maximum of $337 used for their rent related monthly costs.

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 Buena Vista, 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

ItemBuena VistaNational avg.Difference
Haircut $18.91$15.5621.5%
Beauty Salon $28.31$36.1121.6%
Toothpaste $2.60$2.475.3%
Shampoo $0.79$0.9618.2%
Movie $9.53$10.135.9%
Bowling $3.79$4.7420.1%

Groceries

ItemBuena VistaNational avg.Difference
Ground Beef $3.53$3.9811.4%
Fried Chicken $1.20$1.4114.7%
Milk $1.92$2.066.9%
Potatoes $3.18$2.986.7%
Pizza $8.10$9.4714.5%
Beer $8.03$8.798.7%

Health Care

ItemBuena VistaNational avg.Difference
Optometrist $99.79$101.041.2%
Doctor $101.28$107.445.7%
Dentist $80.40$90.4211.1%
Ibuprofen $7.64$9.2817.7%
Lipitor $455.01$426.506.7%

Housing

ItemBuena VistaNational avg.Difference
Home Price $34,600.00$175,700.0080.3%
Avg. Mortgage Payment $939.34$1,133.2317.1%
Apartment Rent $712.00$920.0022.6%

Transportation

ItemBuena VistaNational avg.Difference
Gasoline $2.05$1.992.7%
Tire Balancing $60.11$45.7631.4%

Utilities

ItemBuena VistaNational avg.Difference
All Electricity$202.21$163.8123.4%
Phone $20.05$28.3929.4%
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.
Robin Glen-Indiantown, MI89475-25%
Saginaw, MI50,70079-21%
Bay City, MI34,57881-19%
Bridgeport, MI6,61582-18%
St. Charles, MI2,01683-17%
Buena Vista, MI6,30278-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ephraim, UT6,30393-7%
Youngtown, AZ6,29988-12%
Cheverly, MD6,30712828%
Harriman, TN6,29677-23%
Bethel, AK6,29513333%
Buena Vista, MI6,30278-22%
Source: The Buena Vista, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.