Elk Rapids cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexElk RapidsMichiganNational
Cost of living index9689100
IndexElk RapidsMichiganNational
Goods & Services index9695100
Groceries index9088100
Health care index10094100
Housing index10274100
Transportation index87106100
Utilities index9499100
How would you rate the cost of living in Elk Rapids?
Write a review to give others more information about this area.
Is the cost of living increasing or decreasing in Elk Rapids?
Write a review to give others more information about this area.
See all Elk Rapids poll results

Did you know?

  • The cost of living in Elk Rapids is 8% higher than the Michigan average.
  • The cost of living in Elk Rapids is 4% lower than the national average.
  • The cost of housing in Elk Rapids is 2% higher than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

Compare Elk Rapids, MI Cost of living To Other Cities

      vs

      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$58,235$4,853$1,359$1,747
      Renters$25,395$2,116$593$762

      Michigan Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Michigan6%6%

      Michigan Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Michigan4.25%4.25%

      Goods & Services

      ItemElk RapidsNational avg.Difference
      Haircut $10.50$17.4940.0%
      Beauty Salon $22.25$38.1741.7%
      Toothpaste $1.64$2.3229.3%
      Shampoo $0.92$1.019.1%
      Movie $12.40$10.7215.6%
      Bowling $13.60$13.861.9%

      Groceries

      ItemElk RapidsNational avg.Difference
      Ground Beef $3.59$3.907.9%
      Fried Chicken $1.52$1.408.9%
      Milk $1.37$1.9630.2%
      Potatoes $2.43$3.1823.7%
      Pizza $11.62$10.3911.8%
      Beer $7.79$9.2315.6%

      Health Care

      ItemElk RapidsNational avg.Difference
      Optometrist $69.80$106.3434.4%
      Doctor $168.33$115.2546.1%
      Dentist $89.60$98.388.9%
      Ibuprofen $8.22$9.2611.2%
      Lipitor $345.51$466.4725.9%

      Housing

      ItemElk RapidsNational avg.Difference
      Home Price $215,600.00$184,700.0016.7%
      Avg. Mortgage Payment $1,142.29$1,273.3210.3%
      Apartment Rent $629.00$949.0033.7%

      Transportation

      ItemElk RapidsNational avg.Difference
      Gasoline $1.83$2.5929.4%
      Tire Balancing $57.00$48.9016.6%

      Utilities

      ItemElk RapidsNational avg.Difference
      All Electricity$151.78$167.609.4%
      Phone $176.73$163.428.1%
      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, StatePopulationCost of Living IndexNational Avg.
      Central Lake, MI1,01880-20%
      Kalkaska, MI2,16282-18%
      Rapid City, MI1,76884-16%
      Bellaire, MI87785-15%
      Alden, MI9992-8%
      Elk Rapids, MI1,57496-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Trumansburg, NY1,5741022%
      Seadrift, TX1,57487-13%
      Muniz, TX1,57470-30%
      Tecumseh, NE1,57484-16%
      Galesville, WI1,57494-6%
      Elk Rapids, MI1,57496-4%
      Source: The Elk Rapids, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.