Elk Rapids, MI Cost Of Living

Elk Rapids 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.
Index	Elk Rapids	Michigan	National
Cost of living index	97	88	100
Index	Elk Rapids	Michigan	National
Goods & Services index	92	93	100
Groceries index	92	91	100
Health care index	106	94	100
Housing index	102	74	100
Transportation index	98	103	100
Utilities index	106	91	100

Did you know?

The cost of living in Elk Rapids is 11% higher than the Michigan average.
The cost of living in Elk Rapids is 3% lower than the national average.
The cost of housing in Elk Rapids is 2% 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 Elk Rapids

New Real Estate Listings In Elk Rapids

The best places in Michigan

Here are the best places to live in Michigan

Top 10 best public schools in Elk Rapids

10 Best cities in Michigan for employment

10 best cities to buy a new house in Michigan

Compare Elk Rapids, 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,235	$4,853	$1,359	$1,747
Renters	$25,395	$2,116	$593	$762

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

Goods & Services

Item	Elk Rapids	National avg.	Difference
Haircut	$9.94	$16.09	38.2%
Beauty Salon	$21.00	$37.33	43.8%
Toothpaste	$1.74	$2.45	28.7%
Shampoo	$0.80	$1.00	19.7%
Movie	$10.45	$10.28	1.7%
Bowling	$2.57	$4.93	47.8%

Groceries

Item	Elk Rapids	National avg.	Difference
Ground Beef	$3.99	$3.80	5.0%
Fried Chicken	$1.29	$1.40	7.7%
Milk	$1.70	$2.01	15.3%
Potatoes	$1.52	$3.01	49.6%
Pizza	$10.32	$9.89	4.4%
Beer	$7.74	$8.90	13.0%

Health Care

Item	Elk Rapids	National avg.	Difference
Optometrist	$57.56	$102.16	43.7%
Doctor	$138.84	$108.36	28.1%
Dentist	$91.99	$92.53	0.6%
Ibuprofen	$8.81	$9.28	5.0%
Lipitor	$438.10	$425.82	2.9%

Housing

Item	Elk Rapids	National avg.	Difference
Home Price	$215,600.00	$184,700.00	16.7%
Avg. Mortgage Payment	$1,012.37	$1,202.44	15.8%
Apartment Rent	$629.00	$949.00	33.7%

Transportation

Item	Elk Rapids	National avg.	Difference
Gasoline	$2.20	$2.24	1.8%
Tire Balancing	$45.78	$46.29	1.1%

Utilities

Item	Elk Rapids	National avg.	Difference
All Electricity	$150.41	$165.96	9.4%
Phone	$35.86	$28.68	25.0%

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, State	Population	Cost of Living Index	National Avg.
Central Lake, MI	1,018	81	-19%
Kalkaska, MI	2,162	82	-18%
Rapid City, MI	1,768	85	-15%
Bellaire, MI	877	87	-13%
Alden, MI	99	92	-8%
Elk Rapids, MI	1,574	97	-3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Tecumseh, NE	1,574	83	-17%
Atlantic Beach, NY	1,574	206	106%
Trumansburg, NY	1,574	102	2%
Seadrift, TX	1,574	87	-13%
Muniz, TX	1,574	69	-31%
Elk Rapids, MI	1,574	97	-3%

Source: The Elk Rapids, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Elk Rapids, MI Cost of Living