Cost Of Living in Dollar Bay, MI

Get 300+ Local Insights for Any Address in Dollar Bay, MI

Get Access to 300+ Local Data Points

A+

8%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

24%

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	Dollar Bay	Michigan	National
Cost of living	92	91	100
Groceries	97	98	100
Health care	99	97	100
Housing	76	76	100
Transportation	100	96	100
Utilities	99	100	100
Lifestyle & Entertainment	97	96	100
Household Items	100	98	100
Education & Childcare	96	95	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Dollar Bay, MI

23578 Granite Ave

Dollar Bay, MI

Cost Of Living Quick Facts

The cost of living in Dollar Bay is 1% higher than the Michigan average
The cost of living in Dollar Bay is 8% lower than the national average
Dollar Bay housing is 24% 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 Dollar Bay

See all the best places to live around Dollar Bay

Compare Dollar Bay, MI Cost of Living

Write a review to give others more information about this area.

See all Dollar Bay poll results

The best places in Michigan

Here are the best places to live in Michigan

These are the largest cities in Michigan

Check out the 10 safest cities in Michigan

Safest States In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$89,928	$7,494	$2,098	$2,698
Renters	$52,760	$4,397	$1,231	$1,583

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.
Ahmeek, MI	89	80	20.3%
Calumet, MI	804	81	19.4%
Copper City, MI	241	82	18.3%
Lake Linden, MI	1,212	82	18.0%
South Range, MI	525	83	17.3%
Dollar Bay, MI	996	92	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Eldridge, CA	996	183	83.3%
Buffalo Center, IA	996	85	14.6%
Start, LA	996	85	15.1%
Funkstown, MD	996	101	0.8%
Aulander, NC	996	81	18.6%
Dollar Bay, MI	996	92	8.5%