Comstock Northwest 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.
IndexComstock NorthwestMichiganNational
Cost of living index8789100
IndexComstock NorthwestMichiganNational
Goods & Services index8995100
Groceries index8392100
Health care index9596100
Housing index7873100
Transportation index9797100
Utilities index101100100
Here we can see a simple outline of the cost of living in Comstock Northwest, MI. As you can see, with the average cost of living in Comstock Northwest, MI being 87, that puts it 2% lower than the average of Michigan and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Comstock Northwest, MI, the price of goods and services are 6% lower than the average of Michigan as well as 11% lower than the nation's average.

Did you know?

  • The cost of living in Comstock Northwest is 2% lower than the Michigan average.
  • The cost of living in Comstock Northwest is 13% lower than the national average.
  • The cost of housing in Comstock Northwest is 22% 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.

Find Real Estate Listings In Comstock Northwest

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Comstock Northwest

Compare Comstock Northwest, MI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Comstock Northwest, MI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Comstock Northwest, MI, you have to earn a higher income in order to still have the same standard of living. To operate the Comstock Northwest, MI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$62,061$5,172$1,448$1,862
Renters$33,683$2,807$786$1,011
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Comstock Northwest, MI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Comstock Northwest, MI homeowners have a median income of $62,061. Using that number, you will come up with a maximum of $1,448 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $33,683, which means there is a maximum of $786 to be spent on the costs of renting a home or apartment.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
When you are determining the total cost of living in Comstock Northwest, MI you will want to make sure you consider both the Michigan sales tax and the Michigan income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Michigan is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Michigan have a range from 4.25% to 4.25%.

Goods & Services

ItemComstock NorthwestNational avg.Difference
Haircut $14.95$14.592.4%
Beauty Salon $18.31$34.6847.2%
Toothpaste $1.67$2.4732.5%
Shampoo $0.85$1.0216.8%
Movie $7.85$9.8720.5%
Bowling $3.20$4.3927.1%

Groceries

ItemComstock NorthwestNational avg.Difference
Ground Beef $3.65$4.4818.5%
Fried Chicken $1.14$1.4622.1%
Milk $2.61$2.3610.7%
Potatoes $2.40$3.0621.6%
Pizza $9.00$9.242.6%
Beer $8.10$8.636.2%

Health Care

ItemComstock NorthwestNational avg.Difference
Optometrist $57.14$99.7842.7%
Doctor $88.50$105.0315.7%
Dentist $95.43$88.707.6%
Ibuprofen $8.10$9.4113.9%
Lipitor $301.16$298.500.9%

Housing

ItemComstock NorthwestNational avg.Difference
Home Price $138,900.00$175,700.0020.9%
Avg. Mortgage Payment $687.82$1,081.0336.4%
Apartment Rent $693.00$920.0024.7%

Transportation

ItemComstock NorthwestNational avg.Difference
Gasoline $1.93$2.097.9%
Tire Balancing $49.66$45.299.7%

Utilities

ItemComstock NorthwestNational avg.Difference
All Electricity$173.63$170.801.7%
Phone $28.01$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.
Springfield, MI5,23177-23%
Galesburg, MI1,87678-22%
Eastwood, MI6,73481-19%
Augusta, MI87081-19%
Schoolcraft, MI1,65781-19%
Comstock Northwest, MI5,76987-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Norwood, NJ5,76917979%
Holdenville, OK5,76873-27%
Lake Mills, WI5,76899-1%
Lucerne Valley, CA5,76796-4%
Belding, MI5,76484-16%
Comstock Northwest, MI5,76987-13%
Source: The Comstock Northwest, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.