Wyoming 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.
IndexWyomingMichiganNational
Cost of living index8789100
IndexWyomingMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index6373100
Transportation index9797100
Utilities index96100100
A general overview of the cost of living index for Wyoming, MI is displayed above. In Wyoming, MI, the overall cost of living index is 87, which is 2% lower than the Michigan average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Wyoming, MI, the city's goods and services are 6% higher than the Michigan average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Wyoming is 2% lower than the Michigan average.
  • The cost of living in Wyoming is 13% lower than the national average.
  • The cost of housing in Wyoming is 37% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Wyoming, MI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Wyoming, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wyoming, MI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,650$4,804$1,345$1,730
Renters$31,110$2,593$726$933
The affordability of the housing market in Wyoming, 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 Wyoming, MI homeowners, the median income is $57,650. This indicates that a monthly maximum of $1,345 should be spent by homeowners on all housing related costs. Renters have a median income of $31,110. This indicates that renters should have a maximum of $726 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%
When you are determining the total cost of living in Wyoming, 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

ItemWyomingNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $35.00$34.680.9%
Toothpaste $1.72$2.4730.5%
Shampoo $0.98$1.024.1%
Movie $10.15$9.872.9%
Bowling $4.27$4.392.8%

Groceries

ItemWyomingNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.19$1.4618.7%
Milk $2.45$2.364.0%
Potatoes $2.82$3.067.9%
Pizza $8.96$9.243.1%
Beer $9.04$8.634.7%

Health Care

ItemWyomingNational avg.Difference
Optometrist $84.50$99.7815.3%
Doctor $94.00$105.0310.5%
Dentist $79.67$88.7010.2%
Ibuprofen $8.48$9.419.9%
Lipitor $342.99$298.5014.9%

Housing

ItemWyomingNational avg.Difference
Home Price $98,900.00$175,700.0043.7%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemWyomingNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%

Utilities

ItemWyomingNational avg.Difference
All Electricity$159.83$170.806.4%
Phone $27.99$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.
Middleville, MI3,30788-12%
Coopersville, MI4,30989-11%
Grand Rapids, MI190,73989-11%
Comstock Park, MI10,40790-10%
Cutlerville, MI14,53390-10%
Wyoming, MI73,43487-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Auburn, WA73,40311313%
Lake Charles, LA73,50388-12%
Folsom, CA73,33414040%
Centreville, VA73,67713131%
Pleasanton, CA73,16418080%
Wyoming, MI73,43487-13%
Source: The Wyoming, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.