Farwell 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.
IndexFarwellMichiganNational
Cost of living index8189100
IndexFarwellMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index4373100
Transportation index9797100
Utilities index96100100

Did you know?

  • The cost of living in Farwell is 8% lower than the Michigan average.
  • The cost of living in Farwell is 19% lower than the national average.
  • The cost of housing in Farwell is 57% 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 Farwell, MI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$35,341$2,945$825$1,060
Renters$17,083$1,424$399$513

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemFarwellNational 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

ItemFarwellNational 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

ItemFarwellNational 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

ItemFarwellNational avg.Difference
Home Price $63,800.00$175,700.0063.7%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $540.00$920.0041.3%

Transportation

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

Utilities

ItemFarwellNational 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.
Barryton, MI39280-20%
Weidman, MI1,01582-18%
Coleman, MI1,16282-18%
Beal City, MI42082-18%
Harrison, MI2,12882-18%
Farwell, MI73381-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alakanuk, AK7331022%
Cresson, TX73394-6%
Gainesville, MO73382-18%
La Crosse, VA73386-14%
Natural Bridge, NY73490-10%
Farwell, MI73381-19%
Source: The Farwell, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.