| Index | Cadillac | Michigan | National |
| Cost of living | 84 | 91 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 96 | 97 | 100 |
| Housing | 53 | 76 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 99 | 100 | 100 |
| Lifestyle & Entertainment | 95 | 96 | 100 |
| Household Items | 100 | 98 | 100 |
| Education & Childcare | 100 | 95 | 100 |
Knowing the cost of living in Cadillac allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Cadillac stands at 84, marking it 16% lower than the national average.
Cadillac housing costs are 47.2% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Cadillac residents can earmark a more manageable portion of their income to housing.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Cadillac. The results indicated that 57% found it reasonably priced with decreasing prices of goods and services, while 43% viewed it as quite expensive, with increasing prices.
Is Cadillac affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Cadillac, for instance, where the median home price falls 54.1% lower than the national average, and monthly rent rates are 31.2% lower than usual. Additionally, median income levels contribute to the equation, with Cadillac flaunting a median household income of $61,043, 24.9% lower than the national norm.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Cadillac, the transportation index is 5.8% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Cadillac, the general sales tax rate starts at 6%, and income tax rates begin at 4.25%.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Cadillac, the groceries index registers 1% lower than the national average.
The cost of living data for Cadillac shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $79,706 | $6,642 | $1,860 | $2,391 |
| Renters | $35,200 | $2,933 | $821 | $1,056 |
| State | General Sales Tax | With Max Surtax |
| Michigan | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Michigan | 4.25% | 4.25% |
| City | Population | Cost of Living Index | National Avg. |
| Haring, MI | 372 | 77 | 22.5% |
| Jennings, MI | 258 | 80 | 20.4% |
| Marion, MI | 869 | 81 | 18.6% |
| McBain, MI | 744 | 82 | 18.1% |
| Harrietta, MI | 228 | 82 | 17.6% |
| Cadillac, MI | 10,841 | 84 | 15.9% |
| City | Population | Cost of Living Index | National Avg. |
| South Yarmouth, MA | 10,841 | 133 | 32.5% |
| Mount Sinai, NY | 10,841 | 152 | 52.4% |
| Worth, IL | 10,840 | 100 | 0.4% |
| Sweetwater, TX | 10,838 | 84 | 16.5% |
| Burley, ID | 10,837 | 93 | 7.0% |
| Cadillac, MI | 10,841 | 84 | 15.9% |
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