Grand 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.
IndexGrand RapidsMichiganNational
Cost of living index8989100
IndexGrand RapidsMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index6873100
Transportation index9797100
Utilities index96100100
A general overview of the cost of living index for Grand Rapids, MI is displayed above. In Grand Rapids, MI, the overall cost of living index is 89, which is equal to the Michigan average and 11% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Grand Rapids, MI, the city's goods and services are 6% higher than the Michigan average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Grand Rapids is equal to the Michigan average.
  • The cost of living in Grand Rapids is 11% lower than the national average.
  • The cost of housing in Grand Rapids is 32% 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 Grand 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
Using the salary calculator lets you compare the salary you earn in Grand Rapids, MI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Grand Rapids, MI, you have to earn a higher income in order to still have the same standard of living. To operate the Grand Rapids, MI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,795$4,566$1,278$1,644
Renters$24,809$2,067$579$744
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Grand Rapids, MI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Grand Rapids, MI homeowners have a median income of $54,795. Using that number, you will come up with a maximum of $1,278 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $24,809, which means there is a maximum of $579 to be spent on the costs of renting a home or apartment.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
The Michigan sales tax and Michigan income tax rates should definitely be considered when determining the overall cost of living in Grand Rapids, MI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Michigan sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemGrand RapidsNational 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

ItemGrand RapidsNational 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

ItemGrand RapidsNational 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

ItemGrand RapidsNational avg.Difference
Home Price $107,800.00$175,700.0038.6%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $777.00$920.0015.5%

Transportation

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

Utilities

ItemGrand RapidsNational 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.
Sparta, MI4,19987-13%
Wyoming, MI73,43487-13%
Coopersville, MI4,30989-11%
Comstock Park, MI10,40790-10%
Cutlerville, MI14,53390-10%
Grand Rapids, MI190,73989-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Salt Lake City, UT189,2671055%
Sunrise Manor, NV187,64795-5%
Amarillo, TX194,93086-14%
Mobile, AL194,94291-9%
Glendale, CA195,38016060%
Grand Rapids, MI190,73989-11%
Source: The Grand Rapids, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.