Frankenmuth 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 index9489100
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index9073100
Transportation index9897100
Utilities index105100100
Here we can see a simple outline of the cost of living in Frankenmuth, MI. As you can see, with the average cost of living in Frankenmuth, MI being 94, that puts it 6% higher than the average of Michigan and 6% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Frankenmuth, MI, the price of goods and services are 1% higher than the average of Michigan as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in Frankenmuth is 6% higher than the Michigan average.
  • The cost of living in Frankenmuth is 6% lower than the national average.
  • The cost of housing in Frankenmuth is 10% 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.

Find Real Estate Listings In Frankenmuth


New Real Estate Listings In Frankenmuth

Compare Frankenmuth, 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 is used in order to provide a comparison of your current salary in Frankenmuth, MI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Frankenmuth, MI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Frankenmuth, MI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

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 Frankenmuth, 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 Frankenmuth, MI, the median monthly income is $58,148 for those who own their own homes. Under the standard rule, that income level would allow for $1,357 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,583, per the median income in the area. That would allow for renters to spend up to $737 on monthly rental expenses.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Frankenmuth, MI and want to know what the true cost of living is, they ought to look at both the Michigan income tax rate and the Michigan sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Michigan, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Michigan, the income tax rate ranges between 4.25% to 4.25%.

Goods & Services

ItemFrankenmuthNational 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%


ItemFrankenmuthNational 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

ItemFrankenmuthNational 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%


ItemFrankenmuthNational avg.Difference
Home Price $164,200.00$175,700.006.5%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $749.00$920.0018.6%


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


ItemFrankenmuthNational 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.
Robin Glen-Indiantown, MI89475-25%
Buena Vista, MI6,30279-21%
Saginaw, MI50,70080-20%
Otisville, MI79880-20%
Mount Morris, MI3,03281-19%
Frankenmuth, MI4,93494-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Winona Lake, IN4,93489-11%
Circle Pines, MN4,9351066%
Eagar, AZ4,93594-6%
McGuire AFB, NJ4,93214242%
Scarborough, ME4,93112121%
Frankenmuth, MI4,93494-6%
Source: The Frankenmuth, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.