Lost Lake Woods 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.
IndexLost Lake WoodsMichiganNational
Cost of living index9189100
IndexLost Lake WoodsMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index7473100
Transportation index9797100
Utilities index96100100

Did you know?

  • The cost of living in Lost Lake Woods is 2% higher than the Michigan average.
  • The cost of living in Lost Lake Woods is 9% lower than the national average.
  • The cost of housing in Lost Lake Woods is 26% 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 Lost Lake Woods, MI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,375$4,115$1,152$1,481
Renters$0$0$0$0

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemLost Lake WoodsNational 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

ItemLost Lake WoodsNational 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

ItemLost Lake WoodsNational 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

ItemLost Lake WoodsNational avg.Difference
Home Price $129,200.00$175,700.0026.5%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemLost Lake WoodsNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%

Utilities

ItemLost Lake WoodsNational 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.
Lincoln, MI29781-19%
Ossineke, MI99683-17%
Harrisville, MI38782-18%
Hubbard Lake, MI86399-1%
Lost Lake Woods, MI35291-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Redfield, TX35278-22%
Coffee City, TX35286-14%
Brazos Bend, TX35216767%
Bayport, FL35298-2%
Malcolm, NE35294-6%
Lost Lake Woods, MI35291-9%
Source: The Lost Lake Woods, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.