Portage 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.
IndexPortageMichiganNational
Cost of living index8889100
IndexPortageMichiganNational
Goods & Services index8995100
Groceries index8392100
Health care index9596100
Housing index8273100
Transportation index9797100
Utilities index101100100
An overview of the general cost of living index for Portage, MI is displayed above for your reference. Residents in Portage, MI enjoy a cost of living index of 88. This index is equal to the Michigan average, and 12% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Portage, MI, the average cost of goods and services is 6% lower than it is in Michigan, and it is 11% lower than the national average.

Did you know?

  • The cost of living in Portage is equal to the Michigan average.
  • The cost of living in Portage is 12% lower than the national average.
  • The cost of housing in Portage is 18% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Portage, 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 Portage, MI, then you would need to earn more income in order to maintain the same standard of living. To use the Portage, 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$72,651$6,054$1,695$2,180
Renters$27,768$2,314$648$833
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Portage, MI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Portage, MI homeowners, is $72,651. This would allow for a maximum of $1,695 per month to be spent on housing costs. For renters, the median monthly income is $27,768 which would result in a maximum of $648 to be spent on rental costs.

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 Portage, 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

ItemPortageNational 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

ItemPortageNational 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

ItemPortageNational 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

ItemPortageNational avg.Difference
Home Price $147,300.00$175,700.0016.2%
Avg. Mortgage Payment $687.82$1,081.0336.4%
Apartment Rent $725.00$920.0021.2%

Transportation

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

Utilities

ItemPortageNational 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.
Galesburg, MI1,87678-22%
Gobles, MI76379-21%
Marcellus, MI1,02480-20%
Eastwood, MI6,73481-19%
Lawton, MI1,69881-19%
Portage, MI47,13788-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mansfield, OH47,15080-20%
East Providence, RI47,16611818%
Dunwoody, GA47,18212626%
Pine Bluff, AR47,05884-16%
Mentor, OH47,0081011%
Portage, MI47,13788-12%
Source: The Portage, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.