Comstock Park 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 ParkMichiganNational
Cost of living index9089100
IndexComstock ParkMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index7173100
Transportation index9797100
Utilities index96100100
A general overview of the cost of living index for Comstock Park, MI is displayed above. In Comstock Park, MI, the overall cost of living index is 90, which is 1% higher than the Michigan average and 10% 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 Comstock Park, MI, the city's goods and services are 6% higher than the Michigan average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Comstock Park is 1% higher than the Michigan average.
  • The cost of living in Comstock Park is 10% lower than the national average.
  • The cost of housing in Comstock Park is 29% 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 Comstock Park, MI Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Comstock Park, MI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Comstock Park, MI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Comstock Park, MI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,574$4,548$1,273$1,637
Renters$32,706$2,726$763$981
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Comstock Park, 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 Comstock Park, MI homeowners, is $54,574. This would allow for a maximum of $1,273 per month to be spent on housing costs. For renters, the median monthly income is $32,706 which would result in a maximum of $763 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%
One thing to keep in mind when considering the cost of living in Comstock Park, MI is the Michigan sales tax and Michigan income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Michigan sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemComstock ParkNational 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

ItemComstock ParkNational 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

ItemComstock ParkNational 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

ItemComstock ParkNational avg.Difference
Home Price $121,200.00$175,700.0031.0%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $683.00$920.0025.8%

Transportation

ItemComstock ParkNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%

Utilities

ItemComstock ParkNational 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.
Kent City, MI1,11382-18%
Casnovia, MI47985-15%
Cedar Springs, MI3,54486-14%
Sparta, MI4,19987-13%
Wyoming, MI73,43487-13%
Comstock Park, MI10,40790-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Del Aire, CA10,40614747%
Mount Airy, NC10,41196-4%
Manchester, VA10,4021000%
Placerville, CA10,41512727%
Vermilion, OH10,41596-4%
Comstock Park, MI10,40790-10%
Source: The Comstock Park, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.