Cadillac, MI Cost Of Living

Cadillac 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.
Index	Cadillac	Michigan	National
Cost of living index	83	88	100
Index	Cadillac	Michigan	National
Goods & Services index	97	93	100
Groceries index	97	91	100
Health care index	95	94	100
Housing index	50	74	100
Transportation index	106	103	100
Utilities index	87	91	100

Here we can see a simple outline of the cost of living in Cadillac, MI. As you can see, with the average cost of living in Cadillac, MI being 83, that puts it 6% lower than the average of Michigan and 17% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Cadillac, MI, the price of goods and services are 5% higher than the average of Michigan as well as 3% lower than the nation's average.

Did you know?

The cost of living in Cadillac is 6% lower than the Michigan average.
The cost of living in Cadillac is 17% lower than the national average.
The cost of housing in Cadillac is 50% 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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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 used in order to provide a comparison of your current salary in Cadillac, MI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Cadillac, MI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Cadillac, MI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$42,374	$3,531	$989	$1,271
Renters	$24,009	$2,001	$560	$720

One can approximate the cost of living and the housing affordability in Cadillac, MI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Cadillac, MI have a median income of $42,374. Therefore, the amount that a consumer should spend on housing costs should be no more than $989 per month to avoid calamity and poverty. The renters in the city have an income of about $24,009, which would make their monthly maximum allowable rental costs $560.

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%

One thing to keep in mind when considering the cost of living in Cadillac, MI is the Michigan sales tax and Michigan income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Michigan sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

Item	Cadillac	National avg.	Difference
Haircut	$19.39	$16.09	20.5%
Beauty Salon	$37.45	$37.33	0.3%
Toothpaste	$2.04	$2.45	16.6%
Shampoo	$0.81	$1.00	19.0%
Movie	$10.74	$10.28	4.5%
Bowling	$3.26	$4.93	34.0%

Groceries

Item	Cadillac	National avg.	Difference
Ground Beef	$3.62	$3.80	4.7%
Fried Chicken	$1.26	$1.40	9.8%
Milk	$1.59	$2.01	21.0%
Potatoes	$3.08	$3.01	2.3%
Pizza	$9.99	$9.89	1.1%
Beer	$8.30	$8.90	6.8%

Health Care

Item	Cadillac	National avg.	Difference
Optometrist	$91.22	$102.16	10.7%
Doctor	$97.56	$108.36	10.0%
Dentist	$88.11	$92.53	4.8%
Ibuprofen	$8.56	$9.28	7.8%
Lipitor	$448.91	$425.82	5.4%

Housing

Item	Cadillac	National avg.	Difference
Home Price	$73,800.00	$184,700.00	60.0%
Avg. Mortgage Payment	$1,008.81	$1,202.44	16.1%
Apartment Rent	$705.00	$949.00	25.7%

Transportation

Item	Cadillac	National avg.	Difference
Gasoline	$2.49	$2.24	10.9%
Tire Balancing	$44.77	$46.29	3.3%

Utilities

Item	Cadillac	National avg.	Difference
All Electricity	$169.08	$165.96	1.9%
Phone	$20.00	$28.68	30.3%

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, State	Population	Cost of Living Index	National Avg.
Hardwood Acres, MI	591	97	-3%
Jennings, MI	167	76	-24%
Haring, MI	609	78	-22%
Boon, MI	229	80	-20%
Luther, MI	363	81	-19%
Cadillac, MI	10,380	83	-17%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lake Arbor, MD	10,380	131	31%
Burley, ID	10,382	87	-13%
Columbia, PA	10,382	90	-10%
Warr Acres, OK	10,374	82	-18%
Manchester, TN	10,387	86	-14%
Cadillac, MI	10,380	83	-17%

Source: The Cadillac, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Cadillac, MI Cost of Living