Cadillac, Michigan Cost Of Living

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B+

Overall 16%

Goods & Services 1%

Housing 50%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Cadillac	Michigan	National
Cost of living	84	89	100
Goods & Services	99	94	100
Groceries	91	91	100
Health care	96	95	100
Housing	50	74	100
Transportation	104	102	100
Utilities	102	102	100

Key findings

The cost of living in Cadillac is 6% lower than the Michigan average
The cost of living in Cadillac is 16% lower than the national average
Cadillac housing is 50% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 72% higher than the national average

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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

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

To approximate the cost of living and the housing affordability in Cadillac, MI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Cadillac 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%

Goods & Services

Item	Cadillac	National avg.	Difference
Haircut	$20.83	$20.27	2.8%
Beauty Salon	$31.89	$40.39	21.1%
Toothpaste	$2.45	$2.36	4.0%
Shampoo	$0.90	$1.08	16.7%
Movie	$11.41	$10.99	3.9%
Bowling	$17.66	$15.49	14.0%

Groceries

Item	Cadillac	National avg.	Difference
Ground Beef	$4.21	$4.30	2.0%
Fried Chicken	$1.16	$1.40	17.1%
Milk	$1.72	$2.20	22.1%
Potatoes	$2.42	$3.22	24.8%
Pizza	$9.99	$10.74	7.0%
Beer	$8.32	$9.60	13.3%

Health Care

Item	Cadillac	National avg.	Difference
Optometrist	$105.89	$109.73	3.5%
Doctor	$97.83	$118.34	17.3%
Dentist	$99.05	$100.94	1.9%
Ibuprofen	$9.27	$9.93	6.7%
Lipitor	$522.83	$469.53	11.4%

Housing

Item	Cadillac	National avg.	Difference
Home Price	$73,800.00	$184,700.00	60.0%
Avg. Mortgage Payment	$1,071.44	$1,229.62	12.9%
Apartment Rent	$705.00	$949.00	25.7%

Transportation

Item	Cadillac	National avg.	Difference
Gasoline	$2.79	$2.71	2.9%
Tire Balancing	$55.56	$51.86	7.1%

Utilities

Item	Cadillac	National avg.	Difference
All Electricity	$178.04	$170.84	4.2%
Phone	$184.55	$187.18	1.4%

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	Population	Cost of Living Index	National Avg.
Hardwood Acres, MI	591	98	1.7%
Jennings, MI	167	77	22.7%
Haring, MI	609	79	20.9%
Boon, MI	229	81	19.1%
Luther, MI	363	82	17.8%
Cadillac, MI	10,380	84	16.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake Arbor, MD	10,380	130	29.5%
Burley, ID	10,382	83	17.4%
Columbia, PA	10,382	89	11.4%
Warr Acres, OK	10,374	84	16.1%
Manchester, TN	10,387	85	14.6%
Cadillac, MI	10,380	84	16.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.