Olivet 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.
IndexOlivetMichiganNational
Cost of living index8389100
IndexOlivetMichiganNational
Goods & Services index8995100
Groceries index8392100
Health care index9596100
Housing index6573100
Transportation index9797100
Utilities index101100100

Did you know?

  • The cost of living in Olivet is 6% lower than the Michigan average.
  • The cost of living in Olivet is 17% lower than the national average.
  • The cost of housing in Olivet is 35% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,167$4,514$1,264$1,625
Renters$32,625$2,719$761$979

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

ItemOlivetNational avg.Difference
Haircut $14.95$14.592.4%
Beauty Salon $18.31$34.6847.2%
Toothpaste $1.67$2.4732.5%
Shampoo $0.85$1.0216.8%
Movie $7.85$9.8720.5%
Bowling $3.20$4.3927.1%

Groceries

ItemOlivetNational avg.Difference
Ground Beef $3.65$4.4818.5%
Fried Chicken $1.14$1.4622.1%
Milk $2.61$2.3610.7%
Potatoes $2.40$3.0621.6%
Pizza $9.00$9.242.6%
Beer $8.10$8.636.2%

Health Care

ItemOlivetNational avg.Difference
Optometrist $57.14$99.7842.7%
Doctor $88.50$105.0315.7%
Dentist $95.43$88.707.6%
Ibuprofen $8.10$9.4113.9%
Lipitor $301.16$298.500.9%

Housing

ItemOlivetNational avg.Difference
Home Price $106,700.00$175,700.0039.3%
Avg. Mortgage Payment $687.82$1,081.0336.4%
Apartment Rent $690.00$920.0025.0%

Transportation

ItemOlivetNational avg.Difference
Gasoline $1.93$2.097.9%
Tire Balancing $49.66$45.299.7%

Utilities

ItemOlivetNational avg.Difference
All Electricity$173.63$170.801.7%
Phone $28.01$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.
Brownlee Park, MI2,01675-25%
Albion, MI8,41676-24%
Springport, MI74878-22%
Nashville, MI1,76478-22%
Bellevue, MI1,30479-21%
Olivet, MI1,63183-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lykens, PA1,63187-13%
Rural Retreat, VA1,63189-11%
Monrovia, IN1,63190-10%
Mill Hall, PA1,63190-10%
Meredith, NH1,63111818%
Olivet, MI1,63183-17%
Source: The Olivet, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.