A+
6%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
6%
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 Grandville Michigan National
Cost of living9489100
Goods & Services9093100
Groceries9599100
Health care9493100
Housing9474100
Transportation9597100
Utilities102101100

An Overview of Cost of Living in Grandville, MI

Are you thinking about relocating, but curious about the potential cost of living in Grandville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Grandville stands at 94, making it 6% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Grandville is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Grandville Affordable?

Is Grandville 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 Grandville, for instance, where the median home price falls 4% lower than the national average, and monthly rent rates are 11.3% lower than usual. Additionally, median income levels contribute to the equation, with Grandville flaunting a median household income of $65,656, 18.7% higher than the national norm.

What Factors can Influence the Cost of Living in Grandville?

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.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Grandville starts at 6% and the income tax rates start at 4.25%.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Grandville, the utilities index is 2.3% higher than the national average.

Where is the Data From?

The cost of living in Grandville, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Grandville is 5% higher than the Michigan average
  • The cost of living in Grandville is 6% lower than the national average
  • Grandville housing is 6% 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 Grandville

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Compare Grandville, MI Cost of Living

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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$74,656$6,221$1,742$2,240
      Renters$42,126$3,511$983$1,264
      A good way to judge both the affordability of the housing and the cost of living in Grandville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Grandville has a median income of about $74,656 for people who own homes. Based on that number, a maximum of $1,742 should be spent on expenses related to housing. Renters have a slightly different median income, which is $42,126. Based on this average, renters should spend no more than $983 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Grandville 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 Grandville 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 Grandville 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 Grandville National avg. Difference
      Home Price $177,300.00$184,700.004.0%
      Avg. Mortgage Payment $2,520.64$2,346.697.4%
      Apartment Rent $842.00$949.0011.3%

      Transportation

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

      Utilities

      Item Grandville 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.
      Wyoming, MI75,9999010.4%
      Coopersville, MI4,388909.8%
      Middleville, MI3,447919.0%
      Zeeland, MI5,540918.9%
      Cutlerville, MI17,988928.1%
      Grandville, MI15,906946.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Discovery Bay, CA15,90417877.6%
      Aberdeen, MD15,9041054.7%
      Sayville, NY15,91015050.0%
      Cloverly, MD15,91514949.3%
      Indianola, IA15,921927.6%
      Grandville, MI15,906946.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.