Chelsea 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.
IndexChelseaMichiganNational
Cost of living index9889100
IndexChelseaMichiganNational
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index10073100
Transportation index9897100
Utilities index105100100
An overview of the general cost of living index for Chelsea, MI is displayed above for your reference. Residents in Chelsea, MI enjoy a cost of living index of 98. This index is 10% higher than the Michigan average, and 2% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Chelsea, MI, the average cost of goods and services is 1% higher than it is in Michigan, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Chelsea is 10% higher than the Michigan average.
  • The cost of living in Chelsea is 2% lower than the national average.
  • The cost of housing in Chelsea is equal to 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

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Chelsea, 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 Chelsea, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Chelsea, 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$72,679$6,057$1,696$2,181
Renters$36,863$3,072$860$1,106
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Chelsea, MI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Chelsea, MI homeowners, is $72,679. This would allow for a maximum of $1,696 per month to be spent on housing costs. For renters, the median monthly income is $36,863 which would result in a maximum of $860 to be spent on rental 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 Chelsea, 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

ItemChelseaNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%

Groceries

ItemChelseaNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemChelseaNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%

Housing

ItemChelseaNational avg.Difference
Home Price $170,900.00$175,700.002.7%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $988.00$920.007.4%

Transportation

ItemChelseaNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%

Utilities

ItemChelseaNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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.
Napoleon, MI1,23981-19%
Brooklyn, MI1,24085-15%
Stockbridge, MI1,11186-14%
Grass Lake, MI1,30090-10%
Whitmore Lake, MI6,38091-9%
Chelsea, MI5,08598-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Davison, MI5,08584-16%
Mayville, WI5,08696-4%
Mocksville, NC5,08698-2%
Westmont, PA5,08697-3%
Perry, OK5,08781-19%
Chelsea, MI5,08598-2%
Source: The Chelsea, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.