A+
8%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Cutlerville Michigan National
Cost of living9289100
Goods & Services9093100
Groceries9599100
Health care9493100
Housing8874100
Transportation9597100
Utilities102101100

An Overview of Cost of Living in Cutlerville, MI

Understanding the cost of living in Cutlerville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Cutlerville cost of living index is 92, which is 8% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Everyday expenditures like food, housing, goods and services, transportation and health care in Cutlerville are priced in a manner consistent with other areas. This means that residents of Cutlerville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Cutlerville Affordable?

Is Cutlerville 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 Cutlerville, for instance, where the median home price falls 15.9% lower than the national average, and monthly rent rates are 2.8% lower than usual. Additionally, median income levels contribute to the equation, with Cutlerville flaunting a median household income of $54,813, 0.9% lower than the national norm.

What Factors can Influence the Cost of Living in Cutlerville?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Cutlerville, the groceries index is 5.3% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Cutlerville, the transportation index is 5.1% lower than the national average.

Where is the Data From?

The Cutlerville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Cutlerville is 3% higher than the Michigan average
  • The cost of living in Cutlerville is 8% lower than the national average
  • Cutlerville housing is 12% 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 Cutlerville

See all the best places to live around Cutlerville

Compare Cutlerville, MI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$61,303$5,109$1,430$1,839
      Renters$48,544$4,045$1,133$1,456
      The affordability of the housing market in Cutlerville, MI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Cutlerville homeowners, the median income is $61,303. This indicates that a monthly maximum of $1,430 should be spent by homeowners on all housing related costs. Renters have a median income of $48,544. This indicates that renters would have a maximum of $1,133 for their rent related monthly costs.

      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 Cutlerville National avg. Difference
      Haircut $24.53$24.261.1%
      Beauty Salon $56.27$45.5623.5%
      Toothpaste $3.64$3.701.8%
      Shampoo $1.40$1.289.1%
      Movie $11.22$12.137.5%
      Bowling $22.17$18.0023.1%

      Groceries

      Item Cutlerville National avg. Difference
      Ground Beef $5.51$5.845.7%
      Fried Chicken $1.69$1.577.7%
      Milk $4.84$4.673.6%
      Potatoes $4.77$4.933.3%
      Pizza $10.99$12.099.1%
      Beer $9.38$10.419.9%

      Health Care

      Item Cutlerville National avg. Difference
      Optometrist $91.40$125.6827.3%
      Doctor $139.14$135.782.5%
      Dentist $120.35$113.296.2%
      Ibuprofen $10.88$10.652.1%
      Lipitor $504.80$468.607.7%

      Housing

      Item Cutlerville National avg. Difference
      Home Price $155,300.00$184,700.0015.9%
      Avg. Mortgage Payment $2,520.64$2,346.697.4%
      Apartment Rent $922.00$949.002.8%

      Transportation

      Item Cutlerville National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $60.57$59.921.1%

      Utilities

      Item Cutlerville National avg. Difference
      All Electricity $180.47$193.997.0%
      Phone $184.98$192.253.8%
      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.
      Hopkins, MI8438713.1%
      Wayland, MI4,2278911.1%
      Wyoming, MI75,9999010.4%
      Middleville, MI3,447919.0%
      Comstock Park, MI10,659928.0%
      Cutlerville, MI17,988928.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sycamore, IL17,990973.1%
      Melville, NY17,99217777.1%
      Loyalist, ON17,983n/a 
      Logansport, IN17,9687920.6%
      Bethpage, NY18,01215959.0%
      Cutlerville, MI17,988928.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.