Cost of Living in Central Lake, MI

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14%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
41%
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 Central Lake Michigan National
Cost of living8691100
Groceries9998100
Health care9697100
Housing5976100
Transportation9496100
Utilities99100100
Lifestyle & Entertainment9596100
Household Items10098100
Education & Childcare10095100
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Homes For Sale In Central Lake, MI

property for sale

269 N East Torch Lake Dr

Central Lake, MI
property for sale

4294 N East Torch Lake Dr

Central Lake, MI
property for sale

Maple View Dr

Central Lake, MI
property for sale

Willow St

, MI

Cost Of Living Quick Facts

  • The cost of living in Central Lake is 5% lower than the Michigan average
  • The cost of living in Central Lake is 14% lower than the national average
  • Central Lake housing is 41% 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 Central Lake

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Compare Central Lake, MI Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$71,259$5,938$1,663$2,138
      Renters$71,149$5,929$1,660$2,135

      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.
      Alba, MI4737723.5%
      Mancelona, MI1,7698515.1%
      East Jordan, MI2,1848515.1%
      Bellaire, MI9268812.2%
      Ellsworth, MI3478812.1%
      Central Lake, MI1,0208614.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Elkhorn, CA1,02015656.2%
      Knights Landing, CA1,02011615.9%
      Sharon Springs, KS1,0208514.9%
      Washington, KS1,0207921.2%
      Nortonville, KY1,0208019.9%
      Central Lake, MI1,0208614.0%
      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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