Fenton 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.
Cost of living index8789100
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index6673100
Transportation index9897100
Utilities index105100100
An overview of the general cost of living index for Fenton, MI is displayed above for your reference. Residents in Fenton, MI enjoy a cost of living index of 87. This index is 2% lower than the Michigan average, and 13% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Fenton, MI, the average cost of goods and services is 1% higher than it is in Michigan, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Fenton is 2% lower than the Michigan average.
  • The cost of living in Fenton is 13% lower than the national average.
  • The cost of housing in Fenton is 34% 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

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Fenton, 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 Fenton, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fenton, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Fenton, MI, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Fenton, MI, the median monthly income is $53,725 for those who own their own homes. Under the standard rule, that income level would allow for $1,253 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,069, per the median income in the area. That would allow for renters to spend up to $702 on monthly rental expenses.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Fenton, 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

ItemFentonNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%


ItemFentonNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemFentonNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%


ItemFentonNational avg.Difference
Home Price $98,600.00$175,700.0043.9%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $820.00$920.0010.9%


ItemFentonNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%


ItemFentonNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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.
Durand, MI3,39682-18%
Gaines, MI37782-18%
Byron, MI54583-17%
Burton, MI29,42983-17%
Holly, MI6,14285-15%
Fenton, MI11,60187-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elizabethtown, PA11,6021000%
Robstown, TX11,59981-19%
Los Alamitos, CA11,59816767%
Yulee, FL11,6091011%
Byram, MS11,60989-11%
Fenton, MI11,60187-13%
Source: The Fenton, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.