Pontiac 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.
IndexPontiacMichiganNational
Cost of living index8189100
IndexPontiacMichiganNational
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index4673100
Transportation index9897100
Utilities index105100100
Displayed above is a general overview of the Pontiac, MI cost of living index. The overall cost of living index in Pontiac, MI is 81, which is 9% lower than the Michigan average and 19% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Pontiac, MI are 1% higher than the Michigan average and 4% lower than the national average.

Did you know?

  • The cost of living in Pontiac is 9% lower than the Michigan average.
  • The cost of living in Pontiac is 19% lower than the national average.
  • The cost of housing in Pontiac is 54% 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 Pontiac, MI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Pontiac, MI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Pontiac, MI, you have to earn a higher income in order to still have the same standard of living. To operate the Pontiac, MI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,396$3,450$966$1,242
Renters$19,905$1,659$464$597
The affordability of the housing market in Pontiac, MI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pontiac, MI homeowners, the median income is $41,396. This indicates that a monthly maximum of $966 should be spent by homeowners on all housing related costs. Renters have a median income of $19,905. This indicates that renters should have a maximum of $464 used for their rent related monthly costs.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
One thing to keep in mind when considering the cost of living in Pontiac, MI is the Michigan sales tax and Michigan income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Michigan sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemPontiacNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%

Groceries

ItemPontiacNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemPontiacNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%

Housing

ItemPontiacNational avg.Difference
Home Price $55,300.00$175,700.0068.5%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemPontiacNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%

Utilities

ItemPontiacNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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, MI8,27980-20%
Hazel Park, MI16,53282-18%
Madison Heights, MI30,02885-15%
Warren, MI134,39886-14%
Oak Park, MI29,62287-13%
Pontiac, MI59,65881-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gardena, CA59,68212828%
Grand Junction, CO59,7311011%
Mansfield, TX59,7571066%
National City, CA59,54312020%
Cupertino, CA59,787222122%
Pontiac, MI59,65881-19%
Source: The Pontiac, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.