DeWitt 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.
IndexDeWittMichiganNational
Cost of living index9989100
IndexDeWittMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index10373100
Transportation index9797100
Utilities index96100100
The above illustration supplies generalized information for the DeWitt, MI cost of living index. Compared to other cities in Michigan and cities across the country, the cost of living index in DeWitt, MI is 99, which is 12% higher than the Michigan average and 1% 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 DeWitt, MI are 6% higher than the average for Michigan and 1% higher than the rest of the country.

Did you know?

  • The cost of living in DeWitt is 12% higher than the Michigan average.
  • The cost of living in DeWitt is 1% lower than the national average.
  • The cost of housing in DeWitt is 3% higher 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 DeWitt

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In DeWitt

Compare DeWitt, 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
The salary calculator allows you to compare how much your current salary in DeWitt, MI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than DeWitt, MI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The DeWitt, MI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$87,135$7,261$2,033$2,614
Renters$44,886$3,741$1,047$1,347
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in DeWitt, MI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. DeWitt, MI has a median income of about $87,135 for people who own homes. Based on that number, a person should spend a maximum of $2,033 on expenses related to housing. Renters have a slightly different median income, which is $44,886. Based on this average, renters should spend no more than $1,047 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 DeWitt, 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

ItemDeWittNational 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

ItemDeWittNational 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

ItemDeWittNational 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

ItemDeWittNational avg.Difference
Home Price $181,400.00$175,700.003.2%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $943.00$920.002.5%

Transportation

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

Utilities

ItemDeWittNational 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.
Ovid, MI1,59484-16%
Potterville, MI2,62180-20%
Lansing, MI114,38285-15%
Edgemont Park, MI2,24287-13%
Pewamo, MI43987-13%
DeWitt, MI4,60699-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kaplan, LA4,60479-21%
Negaunee, MI4,60887-13%
Mount Pleasant, TN4,60487-13%
Nashville, AR4,60486-14%
Breckenridge, CO4,60413232%
DeWitt, MI4,60699-1%
Source: The DeWitt, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.