Davison 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.
IndexDavisonMichiganNational
Cost of living index9089100
IndexDavisonMichiganNational
Goods & Services index10994100
Groceries index10194100
Health care index111100100
Housing index5573100
Transportation index103101100
Utilities index9496100
The above illustration supplies generalized information for the Davison, MI cost of living index. Compared to other cities in Michigan and cities across the country, the cost of living index in Davison, MI is 90, which is 1% higher than the Michigan average and 10% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Davison, MI are 15% higher than the average for Michigan and 9% higher than the rest of the country.

Did you know?

  • The cost of living in Davison is 1% higher than the Michigan average.
  • The cost of living in Davison is 10% lower than the national average.
  • The cost of housing in Davison is 45% 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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Use the salary calculator to compare your current income in Davison, MI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Davison, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Davison, MI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,065$4,255$1,191$1,532
Renters$18,116$1,510$423$544
One can approximate the cost of living and the housing affordability in Davison, MI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Davison, MI have a median income of $51,065. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,191 per month to avoid calamity and poverty. The renters in the city have an income of about $18,116, which would make their monthly maximum allowable rental costs $423.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
When considering the overall cost of living expenses in Davison, MI, it's important to take into account the sales tax for Michigan, as well as the rate for income tax in Michigan. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Michigan is 6%, and the sales tax in the state of Michigan is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Michigan starts from 4.25% and goes up to 4.25%.

Goods & Services

ItemDavisonNational avg.Difference
Haircut $18.34$15.5617.9%
Beauty Salon $41.74$36.1115.6%
Toothpaste $2.96$2.4719.7%
Shampoo $0.73$0.9624.0%
Movie $11.00$10.138.6%
Bowling $3.58$4.7424.4%

Groceries

ItemDavisonNational avg.Difference
Ground Beef $4.51$3.9813.2%
Fried Chicken $2.02$1.4143.3%
Milk $1.93$2.066.3%
Potatoes $3.31$2.9811.0%
Pizza $9.65$9.471.9%
Beer $7.81$8.7911.2%

Health Care

ItemDavisonNational avg.Difference
Optometrist $84.26$101.0416.6%
Doctor $139.39$107.4429.7%
Dentist $100.94$90.4211.6%
Ibuprofen $8.20$9.2811.7%
Lipitor $439.61$426.503.1%

Housing

ItemDavisonNational avg.Difference
Home Price $91,200.00$175,700.0048.1%
Avg. Mortgage Payment $1,166.18$1,133.232.9%
Apartment Rent $587.00$920.0036.2%

Transportation

ItemDavisonNational avg.Difference
Gasoline $1.94$1.992.7%
Tire Balancing $53.61$45.7617.2%

Utilities

ItemDavisonNational avg.Difference
All Electricity$182.66$163.8111.5%
Phone $20.00$28.3929.5%
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.
Flint, MI100,56984-16%
Otisville, MI79885-15%
Beecher, MI10,23086-14%
Mount Morris, MI3,03286-14%
Clio, MI2,60188-12%
Davison, MI5,08590-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chelsea, MI5,085100-0%
Westmont, PA5,08691-9%
Mayville, WI5,08696-4%
Mocksville, NC5,08687-13%
Perry, OK5,08777-23%
Davison, MI5,08590-10%
Source: The Davison, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.