Cost of Living in Bessemer, MI

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16%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
56%
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 Bessemer Michigan National
Cost of living8491100
Groceries10098100
Health care9997100
Housing4476100
Transportation10496100
Utilities107100100
Lifestyle & Entertainment9796100
Household Items10098100
Education & Childcare9895100
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Homes For Sale In Bessemer, MI

property for sale

1103 E Iron St

Bessemer, MI
property for sale

N10740 Cannonball Ct

Bessemer, MI
property for sale

1207 E Silver St

Bessemer, MI
property for sale

803 Yale Ave

Bessemer, MI
See the Newest Homes For Sale In Bessemer, MI

Cost Of Living Quick Facts

  • The cost of living in Bessemer is 8% lower than the Michigan average
  • The cost of living in Bessemer is 16% lower than the national average
  • Bessemer housing is 56% 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

Most Affordable Places to Live in and Around Bessemer

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Compare Bessemer, MI Cost of Living

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      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$88,046$7,337$2,054$2,642
      Renters$25,854$2,155$603$776

      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.
      Iron Belt, WI1547920.7%
      Ironwood, MI5,0768118.9%
      Wakefield, MI1,7208019.9%
      Hurley, WI1,4348217.8%
      Pence, WI998217.7%
      Bessemer, MI1,7018416.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Spring Valley, AZ1,7019010.5%
      Poquonock Bridge, CT1,7011054.5%
      Rossville, IN1,701919.0%
      Shelby, MS1,7018019.5%
      Arlington, NE1,701972.6%
      Bessemer, MI1,7018416.3%
      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.
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