Gaylord 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.
IndexGaylordMichiganNational
Cost of living index8389100
IndexGaylordMichiganNational
Goods & Services index9494100
Groceries index9194100
Health care index89100100
Housing index5873100
Transportation index101101100
Utilities index8996100
Displayed above is a general overview of the Gaylord, MI cost of living index. The overall cost of living index in Gaylord, MI is 83, which is 7% lower than the Michigan average and 17% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Gaylord, MI are equal to the Michigan average and 6% lower than the national average.

Did you know?

  • The cost of living in Gaylord is 7% lower than the Michigan average.
  • The cost of living in Gaylord is 17% lower than the national average.
  • The cost of housing in Gaylord is 42% 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 Gaylord, MI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Gaylord, 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 Gaylord, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Gaylord, 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)
Owners$51,205$4,267$1,195$1,536
Renters$17,978$1,498$419$539
If you want to find a good determining factor for the cost of living and the general affordability of housing in Gaylord, 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 Gaylord, MI, the median monthly income is $51,205 for those who own their own homes. Under the standard rule, that income level would allow for $1,195 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $17,978, per the median income in the area. That would allow for renters to spend up to $419 on monthly rental expenses.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
For those who live in Gaylord, 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

ItemGaylordNational avg.Difference
Haircut $17.33$15.5611.4%
Beauty Salon $32.00$36.1111.4%
Toothpaste $1.61$2.4735.0%
Shampoo $0.77$0.9620.2%
Movie $11.52$10.1313.7%
Bowling $3.99$4.7415.7%

Groceries

ItemGaylordNational avg.Difference
Ground Beef $3.45$3.9813.4%
Fried Chicken $1.12$1.4120.6%
Milk $1.35$2.0634.6%
Potatoes $2.76$2.987.4%
Pizza $9.66$9.472.0%
Beer $8.13$8.797.5%

Health Care

ItemGaylordNational avg.Difference
Optometrist $88.61$101.0412.3%
Doctor $91.00$107.4415.3%
Dentist $78.92$90.4212.7%
Ibuprofen $8.26$9.2811.0%
Lipitor $418.53$426.501.9%

Housing

ItemGaylordNational avg.Difference
Home Price $92,200.00$175,700.0047.5%
Avg. Mortgage Payment $862.03$1,133.2323.9%
Apartment Rent $655.00$920.0028.8%

Transportation

ItemGaylordNational avg.Difference
Gasoline $1.99$1.990.4%
Tire Balancing $47.99$45.764.9%

Utilities

ItemGaylordNational avg.Difference
All Electricity$169.46$163.813.5%
Phone $20.00$28.3929.5%
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.
Vanderbilt, MI60978-22%
Alba, MI31881-19%
Boyne Falls, MI29183-17%
Gaylord, MI3,65183-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carrollton, MO3,65281-19%
Barrington Hills, IL3,653206106%
Crane, TX3,65381-19%
Sunset Beach, NC3,65411010%
Red Bud, IL3,64889-11%
Gaylord, MI3,65183-17%
Source: The Gaylord, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.