Grand Rapids, Michigan Cost Of Living

A+

11%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

31%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Grand Rapids	Michigan	National
Cost of living	89	89	100
Goods & Services	99	94	100
Groceries	91	91	100
Health care	96	95	100
Housing	69	74	100
Transportation	104	102	100
Utilities	102	102	100

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Cost Of Living Quick Facts

The cost of living in Grand Rapids is equal to the Michigan average
The cost of living in Grand Rapids is 11% lower than the national average
Grand Rapids housing is 31% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 88% higher than the national average

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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	$57,754	$4,813	$1,348	$1,733
Renters	$26,116	$2,176	$609	$784

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Grand Rapids, MI, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Grand Rapids, homeowners have a median income of $57,754. Using that number, a maximum of $1,348 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $26,116, which means there is a maximum of $609 to be spent on the costs of renting a home or apartment.

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	Grand Rapids	National avg.	Difference
Haircut	$20.83	$20.27	2.8%
Beauty Salon	$31.89	$40.39	21.1%
Toothpaste	$2.45	$2.36	4.0%
Shampoo	$0.90	$1.08	16.7%
Movie	$11.41	$10.99	3.9%
Bowling	$17.66	$15.49	14.0%

Groceries

Item	Grand Rapids	National avg.	Difference
Ground Beef	$4.21	$4.30	2.0%
Fried Chicken	$1.16	$1.40	17.1%
Milk	$1.72	$2.20	22.1%
Potatoes	$2.42	$3.22	24.8%
Pizza	$9.99	$10.74	7.0%
Beer	$8.32	$9.60	13.3%

Health Care

Item	Grand Rapids	National avg.	Difference
Optometrist	$105.89	$109.73	3.5%
Doctor	$97.83	$118.34	17.3%
Dentist	$99.05	$100.94	1.9%
Ibuprofen	$9.27	$9.93	6.7%
Lipitor	$522.83	$469.53	11.4%

Housing

Item	Grand Rapids	National avg.	Difference
Home Price	$113,600.00	$184,700.00	38.5%
Avg. Mortgage Payment	$1,071.44	$1,229.62	12.9%
Apartment Rent	$806.00	$949.00	15.1%

Transportation

Item	Grand Rapids	National avg.	Difference
Gasoline	$2.79	$2.71	2.9%
Tire Balancing	$55.56	$51.86	7.1%

Utilities

Item	Grand Rapids	National avg.	Difference
All Electricity	$178.04	$170.84	4.2%
Phone	$184.55	$187.18	1.4%

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.
Wyoming, MI	74,692	87	12.6%
Sparta, MI	4,280	88	12.4%
Coopersville, MI	4,329	88	12.0%
Comstock Park, MI	10,401	89	10.8%
Cutlerville, MI	15,379	90	10.1%
Grand Rapids, MI	193,887	89	10.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mobile, AL	193,717	88	12.5%
Sunrise Manor, NV	192,873	93	7.0%
Salt Lake City, UT	191,446	108	7.5%
Augusta, GA	196,784	81	18.6%
Spring Valley, NV	190,661	103	2.9%
Grand Rapids, MI	193,887	89	10.6%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.