Cost Of Living In Lake Victoria, MI

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	99	89	100
Index	Lake Victoria	Michigan	National
Goods & Services index	93	94	100
Groceries index	89	94	100
Health care index	94	100	100
Housing index	107	73	100
Transportation index	112	101	100
Utilities index	101	96	100

Did you know?

The cost of living in Lake Victoria is 12% higher than the Michigan average.
The cost of living in Lake Victoria is 1% lower than the national average.
The cost of housing in Lake Victoria is 7% higher 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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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	$64,063	$5,339	$1,495	$1,922
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	$18.91	$15.56	21.5%
Beauty Salon	$28.31	$36.11	21.6%
Toothpaste	$2.60	$2.47	5.3%
Shampoo	$0.79	$0.96	18.2%
Movie	$9.53	$10.13	5.9%
Bowling	$3.79	$4.74	20.1%

Groceries

Item	Lake Victoria	National avg.	Difference
Ground Beef	$3.53	$3.98	11.4%
Fried Chicken	$1.20	$1.41	14.7%
Milk	$1.92	$2.06	6.9%
Potatoes	$3.18	$2.98	6.7%
Pizza	$8.10	$9.47	14.5%
Beer	$8.03	$8.79	8.7%

Health Care

Item	Lake Victoria	National avg.	Difference
Optometrist	$99.79	$101.04	1.2%
Doctor	$101.28	$107.44	5.7%
Dentist	$80.40	$90.42	11.1%
Ibuprofen	$7.64	$9.28	17.7%
Lipitor	$455.01	$426.50	6.7%

Housing

Item	Lake Victoria	National avg.	Difference
Home Price	$188,300.00	$175,700.00	7.2%
Avg. Mortgage Payment	$939.34	$1,133.23	17.1%
Apartment Rent	$0.00	$920.00	100.0%

Transportation

Item	Lake Victoria	National avg.	Difference
Gasoline	$2.05	$1.99	2.7%
Tire Balancing	$60.11	$45.76	31.4%

Utilities

Item	Lake Victoria	National avg.	Difference
All Electricity	$202.21	$163.81	23.4%
Phone	$20.05	$28.39	29.4%

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	82	-18%
Owosso, MI	14,922	83	-17%
Ovid, MI	1,594	83	-17%
Elsie, MI	1,007	84	-16%
Lansing, MI	114,382	84	-16%
Lake Victoria, MI	889	99	-1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Linden, TN	889	79	-21%
Hollow Creek, KY	889	103	3%
Stonington, IL	889	81	-19%
Lightstreet, PA	889	94	-6%
Pinon, AZ	889	84	-16%
Lake Victoria, MI	889	99	-1%

Source: The Lake Victoria, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Lake Victoria, MI Cost of Living