Kingsford 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.
IndexKingsfordMichiganNational
Cost of living index8489100
IndexKingsfordMichiganNational
Goods & Services index9795100
Groceries index9192100
Health care index10796100
Housing index4973100
Transportation index10397100
Utilities index111100100
Here we can see a simple outline of the cost of living in Kingsford, MI. As you can see, with the average cost of living in Kingsford, MI being 84, that puts it 5% lower than the average of Michigan and 16% 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 Kingsford, MI, the price of goods and services are 2% higher than the average of Michigan as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Kingsford is 5% lower than the Michigan average.
  • The cost of living in Kingsford is 16% lower than the national average.
  • The cost of housing in Kingsford is 51% 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 Kingsford, 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 meant to help you compare your salary in Kingsford, MI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Kingsford, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Kingsford, MI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,572$3,964$1,110$1,427
Renters$25,313$2,109$591$759
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Kingsford, 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 Kingsford, MI homeowners have a median income of $47,572. Using that number, you will come up with a maximum of $1,110 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,313, which means there is a maximum of $591 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%
When you are determining the total cost of living in Kingsford, MI you will want to make sure you consider both the Michigan sales tax and the Michigan income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Michigan is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Michigan have a range from 4.25% to 4.25%.

Goods & Services

ItemKingsfordNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $25.38$34.6826.8%
Toothpaste $1.86$2.4724.8%
Shampoo $0.81$1.0220.7%
Movie $10.00$9.871.3%
Bowling $2.60$4.3940.8%

Groceries

ItemKingsfordNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.57$1.467.2%
Milk $2.32$2.361.6%
Potatoes $1.83$3.0640.2%
Pizza $9.00$9.242.6%
Beer $7.41$8.6314.2%

Health Care

ItemKingsfordNational avg.Difference
Optometrist $61.25$99.7838.6%
Doctor $138.88$105.0332.2%
Dentist $85.52$88.703.6%
Ibuprofen $9.22$9.412.0%
Lipitor $320.38$298.507.3%

Housing

ItemKingsfordNational avg.Difference
Home Price $70,300.00$175,700.0060.0%
Avg. Mortgage Payment $907.91$1,081.0316.0%
Apartment Rent $633.00$920.0031.2%

Transportation

ItemKingsfordNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $56.00$45.2923.7%

Utilities

ItemKingsfordNational avg.Difference
All Electricity$169.27$170.800.9%
Phone $35.98$28.2627.3%
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.
Pembine, WI20279-21%
Goodman, WI26779-21%
Florence, WI57382-18%
Niagara, WI1,63382-18%
Norway, MI2,84383-17%
Kingsford, MI5,11584-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jackson, AL5,11686-14%
Childersburg, AL5,11786-14%
Westvale, NY5,1111022%
Terryville, CT5,12111717%
Valparaiso, FL5,10996-4%
Kingsford, MI5,11584-16%
Source: The Kingsford, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.