Cost Of Living in Bancroft, MI

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16%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

40%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Bancroft	Michigan	National
Cost of living	84	91	100
Groceries	99	98	100
Health care	93	97	100
Housing	60	76	100
Transportation	92	96	100
Utilities	97	100	100
Lifestyle & Entertainment	97	96	100
Household Items	94	98	100
Education & Childcare	90	95	100

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Homes For Sale In Bancroft, MI

511 E Tyrrell Rd

Morrice, MI

6640 Lemon Rd

Bancroft, MI

Cost Of Living Quick Facts

The cost of living in Bancroft is 7% lower than the Michigan average
The cost of living in Bancroft is 16% lower than the national average
Bancroft housing is 40% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 64% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$90,218	$7,518	$2,105	$2,707
Renters	$0	$0	$0	$0

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Middletown, MI	867	80	20.0%
Vernon, MI	514	82	17.8%
Durand, MI	3,414	83	16.6%
Owosso, MI	14,847	85	14.6%
Morrice, MI	1,507	86	14.1%
Bancroft, MI	468	84	15.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mud Lake, ID	468	92	7.8%
Forest Hills, KY	468	107	6.9%
Clayton, LA	468	88	12.5%
Horton Bay, MI	468	111	11.0%
Bogue Chitto, MS	468	73	26.6%
Bancroft, MI	468	84	15.6%