Bessemer 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.
IndexBessemerMichiganNational
Cost of living index7588100
IndexBessemerMichiganNational
Goods & Services index9293100
Groceries index9591100
Health care index11294100
Housing index3074100
Transportation index95103100
Utilities index9091100

Did you know?

  • The cost of living in Bessemer is 15% lower than the Michigan average.
  • The cost of living in Bessemer is 25% lower than the national average.
  • The cost of housing in Bessemer is 70% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,083$3,507$982$1,263
Renters$18,088$1,507$422$543

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemBessemerNational avg.Difference
Haircut $13.87$16.0913.8%
Beauty Salon $20.81$37.3344.3%
Toothpaste $1.79$2.4527.0%
Shampoo $0.93$1.007.1%
Movie $9.00$10.2812.5%
Bowling $3.25$4.9334.1%

Groceries

ItemBessemerNational avg.Difference
Ground Beef $4.16$3.809.5%
Fried Chicken $1.49$1.406.7%
Milk $1.69$2.0115.7%
Potatoes $2.14$3.0128.9%
Pizza $9.00$9.899.0%
Beer $8.01$8.9010.0%

Health Care

ItemBessemerNational avg.Difference
Optometrist $125.40$102.1622.8%
Doctor $157.40$108.3645.3%
Dentist $86.00$92.537.1%
Ibuprofen $9.16$9.281.3%
Lipitor $429.60$425.820.9%

Housing

ItemBessemerNational avg.Difference
Home Price $48,100.00$184,700.0074.0%
Avg. Mortgage Payment $1,083.65$1,202.449.9%
Apartment Rent $376.00$949.0060.4%

Transportation

ItemBessemerNational avg.Difference
Gasoline $2.35$2.244.7%
Tire Balancing $34.34$46.2925.8%

Utilities

ItemBessemerNational avg.Difference
All Electricity$141.03$165.9615.0%
Phone $27.90$28.682.7%
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.
Iron Belt, WI21174-26%
Pence, WI15276-24%
Ironwood, MI5,08977-23%
Wakefield, MI1,73177-23%
Hurley, WI1,48077-23%
Bessemer, MI1,92175-25%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Minneapolis, KS1,92178-22%
Salyersville, KY1,92179-21%
Ragland, AL1,92183-17%
Fannett, TX1,9211055%
Vado, NM1,92179-21%
Bessemer, MI1,92175-25%
Source: The Bessemer, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.