Lake Victoria, MI Cost Of Living

Lake Victoria 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.
Index	Lake Victoria	Michigan	National
Cost of living index	94	88	100
Index	Lake Victoria	Michigan	National
Goods & Services index	97	93	100
Groceries index	97	91	100
Health care index	95	94	100
Housing index	88	74	100
Transportation index	106	103	100
Utilities index	87	91	100

Did you know?

The cost of living in Lake Victoria is 7% higher than the Michigan average.
The cost of living in Lake Victoria is 6% lower than the national average.
The cost of housing in Lake Victoria is 12% 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 Lake Victoria

New Real Estate Listings In Lake Victoria

The best places in Michigan

Here are the best places to live in Michigan

Check out the 10 safest cities in Michigan

10 Best cities in Michigan for employment

Top 10 cities in Michigan with the best education system

Compare Lake Victoria, 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$63,295	$5,275	$1,477	$1,899
Renters	$0	$0	$0	$0

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

Goods & Services

Item	Lake Victoria	National avg.	Difference
Haircut	$19.39	$16.09	20.5%
Beauty Salon	$37.45	$37.33	0.3%
Toothpaste	$2.04	$2.45	16.6%
Shampoo	$0.81	$1.00	19.0%
Movie	$10.74	$10.28	4.5%
Bowling	$3.26	$4.93	34.0%

Groceries

Item	Lake Victoria	National avg.	Difference
Ground Beef	$3.62	$3.80	4.7%
Fried Chicken	$1.26	$1.40	9.8%
Milk	$1.59	$2.01	21.0%
Potatoes	$3.08	$3.01	2.3%
Pizza	$9.99	$9.89	1.1%
Beer	$8.30	$8.90	6.8%

Health Care

Item	Lake Victoria	National avg.	Difference
Optometrist	$91.22	$102.16	10.7%
Doctor	$97.56	$108.36	10.0%
Dentist	$88.11	$92.53	4.8%
Ibuprofen	$8.56	$9.28	7.8%
Lipitor	$448.91	$425.82	5.4%

Housing

Item	Lake Victoria	National avg.	Difference
Home Price	$162,800.00	$184,700.00	11.9%
Avg. Mortgage Payment	$1,008.81	$1,202.44	16.1%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Lake Victoria	National avg.	Difference
Gasoline	$2.49	$2.24	10.9%
Tire Balancing	$44.77	$46.29	3.3%

Utilities

Item	Lake Victoria	National avg.	Difference
All Electricity	$169.08	$165.96	1.9%
Phone	$20.00	$28.68	30.3%

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, State	Population	Cost of Living Index	National Avg.
Middletown, MI	742	81	-19%
Ovid, MI	1,657	82	-18%
Owosso, MI	14,738	84	-16%
Elsie, MI	1,197	84	-16%
Lansing, MI	114,773	84	-16%
Lake Victoria, MI	811	94	-6%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Paris, PA	811	95	-5%
Round Hill Village, NV	811	154	54%
McBee, SC	811	88	-12%
White Hall, AL	811	78	-22%
Mount Savage, MD	811	84	-16%
Lake Victoria, MI	811	94	-6%

Source: The Lake Victoria, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Lake Victoria, MI Cost of Living