New Baltimore 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.
IndexNew BaltimoreMichiganNational
Cost of living index10089100
IndexNew BaltimoreMichiganNational
Goods & Services index10994100
Groceries index10194100
Health care index111100100
Housing index9073100
Transportation index103101100
Utilities index9496100
Here we can see a simple outline of the cost of living in New Baltimore, MI. As you can see, with the average cost of living in New Baltimore, MI being 100, that puts it 12% higher than the average of Michigan and equal to 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 New Baltimore, MI, the price of goods and services are 15% higher than the average of Michigan as well as 9% higher than the nation's average.

Did you know?

  • The cost of living in New Baltimore is 12% higher than the Michigan average.
  • The cost of living in New Baltimore is equal to the national average.
  • The cost of housing in New Baltimore is 10% 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 New Baltimore, MI Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in New Baltimore, MI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in New Baltimore, MI, then you would need to earn more income in order to maintain the same standard of living. To use the New Baltimore, MI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,938$7,162$2,005$2,578
Renters$27,411$2,284$640$822
One can approximate the cost of living and the housing affordability in New Baltimore, MI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in New Baltimore, MI have a median income of $85,938. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,005 per month to avoid calamity and poverty. The renters in the city have an income of about $27,411, which would make their monthly maximum allowable rental costs $640.

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 New Baltimore, 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

ItemNew BaltimoreNational avg.Difference
Haircut $18.34$15.5617.9%
Beauty Salon $41.74$36.1115.6%
Toothpaste $2.96$2.4719.7%
Shampoo $0.73$0.9624.0%
Movie $11.00$10.138.6%
Bowling $3.58$4.7424.4%

Groceries

ItemNew BaltimoreNational avg.Difference
Ground Beef $4.51$3.9813.2%
Fried Chicken $2.02$1.4143.3%
Milk $1.93$2.066.3%
Potatoes $3.31$2.9811.0%
Pizza $9.65$9.471.9%
Beer $7.81$8.7911.2%

Health Care

ItemNew BaltimoreNational avg.Difference
Optometrist $84.26$101.0416.6%
Doctor $139.39$107.4429.7%
Dentist $100.94$90.4211.6%
Ibuprofen $8.20$9.2811.7%
Lipitor $439.61$426.503.1%

Housing

ItemNew BaltimoreNational avg.Difference
Home Price $168,200.00$175,700.004.3%
Avg. Mortgage Payment $1,166.18$1,133.232.9%
Apartment Rent $696.00$920.0024.3%

Transportation

ItemNew BaltimoreNational avg.Difference
Gasoline $1.94$1.992.7%
Tire Balancing $53.61$45.7617.2%

Utilities

ItemNew BaltimoreNational avg.Difference
All Electricity$182.66$163.8111.5%
Phone $20.00$28.3929.5%
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.
Center Line, MI8,27985-15%
Mount Clemens, MI16,34588-12%
Roseville, MI47,40889-11%
Marine City, MI4,19390-10%
Memphis, MI1,20090-10%
New Baltimore, MI12,144100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Huntington, VA12,14413131%
Marysville, CA12,144100-0%
Gainesville, VA12,14514545%
Bucyrus, OH12,14080-20%
Morgan City, LA12,15389-11%
New Baltimore, MI12,144100-0%
Source: The New Baltimore, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.