Greenville 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.
IndexGreenvilleMichiganNational
Cost of living index8489100
IndexGreenvilleMichiganNational
Goods & Services index9595100
Groceries index9188100
Health care index9694100
Housing index5374100
Transportation index106106100
Utilities index9999100
A general overview of the cost of living index for Greenville, MI is displayed above. In Greenville, MI, the overall cost of living index is 84, which is 6% lower than the Michigan average and 16% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Greenville, MI, the city's goods and services are equal to the Michigan average and 5% lower than the U.S. average.
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Did you know?

  • The cost of living in Greenville is 6% lower than the Michigan average.
  • The cost of living in Greenville is 16% lower than the national average.
  • The cost of housing in Greenville is 47% lower 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 Greenville, MI Cost of living To Other Cities

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      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
      The salary calculator allows you to compare how much your current salary in Greenville, MI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Greenville, MI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Greenville, MI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$45,246$3,771$1,056$1,358
      Renters$19,882$1,657$464$597
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Greenville, MI, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Greenville, MI homeowners have a median income of $45,246. Using that number, you will come up with a maximum of $1,056 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,882, which means there is a maximum of $464 to be spent on the costs of renting a home or apartment.

      Michigan Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Michigan6%6%

      Michigan Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Michigan4.25%4.25%
      When you are determining the total cost of living in Greenville, MI you will want to make sure you consider both the Michigan sales tax and the Michigan income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Michigan is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Michigan have a range from 4.25% to 4.25%.

      Goods & Services

      ItemGreenvilleNational avg.Difference
      Haircut $16.34$17.496.6%
      Beauty Salon $34.33$38.1710.1%
      Toothpaste $1.78$2.3223.3%
      Shampoo $0.87$1.0114.0%
      Movie $11.27$10.725.1%
      Bowling $17.00$13.8622.6%

      Groceries

      ItemGreenvilleNational avg.Difference
      Ground Beef $3.49$3.9010.5%
      Fried Chicken $1.19$1.4014.7%
      Milk $1.76$1.9610.3%
      Potatoes $2.92$3.188.3%
      Pizza $9.99$10.393.9%
      Beer $8.25$9.2310.6%

      Health Care

      ItemGreenvilleNational avg.Difference
      Optometrist $102.67$106.343.4%
      Doctor $98.67$115.2514.4%
      Dentist $95.25$98.383.2%
      Ibuprofen $8.78$9.265.2%
      Lipitor $513.00$466.4710.0%

      Housing

      ItemGreenvilleNational avg.Difference
      Home Price $84,600.00$184,700.0054.2%
      Avg. Mortgage Payment $1,012.77$1,273.3220.5%
      Apartment Rent $666.00$949.0029.8%

      Transportation

      ItemGreenvilleNational avg.Difference
      Gasoline $2.79$2.597.6%
      Tire Balancing $52.00$48.906.4%

      Utilities

      ItemGreenvilleNational avg.Difference
      All Electricity$167.87$167.600.2%
      Phone $178.16$163.429.0%
      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.
      Pierson, MI22680-20%
      McBride, MI16180-20%
      Howard City, MI1,79981-19%
      Stanton, MI1,33781-19%
      Belding, MI5,76682-18%
      Greenville, MI8,42984-16%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Cuero, TX8,42979-21%
      Bonadelle Ranchos-Madera Ranchos, CA8,42911616%
      Athol, MA8,4281011%
      Johnstown, NY8,43193-7%
      St. Rose, LA8,42794-6%
      Greenville, MI8,42984-16%
      Source: The Greenville, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.