Mount Pleasant 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.
IndexMount PleasantMichiganNational
Cost of living index8989100
IndexMount PleasantMichiganNational
Goods & Services index9394100
Groceries index8994100
Health care index94100100
Housing index7273100
Transportation index112101100
Utilities index10196100
Here we can see a simple outline of the cost of living in Mount Pleasant, MI. As you can see, with the average cost of living in Mount Pleasant, MI being 89, that puts it equal to the average of Michigan and 11% 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 Mount Pleasant, MI, the price of goods and services are 2% lower than the average of Michigan as well as 8% lower than the nation's average.

Did you know?

  • The cost of living in Mount Pleasant is equal to the Michigan average.
  • The cost of living in Mount Pleasant is 11% lower than the national average.
  • The cost of housing in Mount Pleasant is 28% 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 Mount Pleasant, MI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mount Pleasant, MI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mount Pleasant, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mount Pleasant, MI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,577$5,298$1,483$1,908
Renters$18,946$1,579$442$568
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Mount Pleasant, MI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Pleasant, MI has a median income of about $63,577 for people who own homes. Based on that number, a person should spend a maximum of $1,483 on expenses related to housing. Renters have a slightly different median income, which is $18,946. Based on this average, renters should spend no more than $442 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
For those who live in Mount Pleasant, MI and want to know what the true cost of living is, they ought to look at both the Michigan income tax rate and the Michigan sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Michigan, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Michigan, the income tax rate ranges between 4.25% to 4.25%.

Goods & Services

ItemMount PleasantNational avg.Difference
Haircut $18.91$15.5621.5%
Beauty Salon $28.31$36.1121.6%
Toothpaste $2.60$2.475.3%
Shampoo $0.79$0.9618.2%
Movie $9.53$10.135.9%
Bowling $3.79$4.7420.1%

Groceries

ItemMount PleasantNational avg.Difference
Ground Beef $3.53$3.9811.4%
Fried Chicken $1.20$1.4114.7%
Milk $1.92$2.066.9%
Potatoes $3.18$2.986.7%
Pizza $8.10$9.4714.5%
Beer $8.03$8.798.7%

Health Care

ItemMount PleasantNational avg.Difference
Optometrist $99.79$101.041.2%
Doctor $101.28$107.445.7%
Dentist $80.40$90.4211.1%
Ibuprofen $7.64$9.2817.7%
Lipitor $455.01$426.506.7%

Housing

ItemMount PleasantNational avg.Difference
Home Price $123,200.00$175,700.0029.9%
Avg. Mortgage Payment $939.34$1,133.2317.1%
Apartment Rent $701.00$920.0023.8%

Transportation

ItemMount PleasantNational avg.Difference
Gasoline $2.05$1.992.7%
Tire Balancing $60.11$45.7631.4%

Utilities

ItemMount PleasantNational avg.Difference
All Electricity$202.21$163.8123.4%
Phone $20.05$28.3929.4%
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, StatePopulationCost of Living IndexNational Avg.
Weidman, MI1,01579-21%
Coleman, MI1,16280-20%
Beal City, MI42079-21%
St. Louis, MI7,34781-19%
Edmore, MI1,21979-21%
Mount Pleasant, MI26,09589-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pearl, MS26,10584-16%
Fitchburg, WI26,05011313%
Gladstone, MO26,03291-9%
Princeton, FL26,1641011%
Ladera Ranch, CA26,01017676%
Mount Pleasant, MI26,09589-11%
Source: The Mount Pleasant, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.