Cost of Living in Kingsford, MI

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16%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
43%
Housing NAT. AVG.
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 Kingsford Michigan National
Cost of living8491100
Goods & Services9596100
Groceries10099100
Health care8892100
Housing5776100
Transportation101100100
Utilities8697100
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Homes For Sale In Kingsford, MI

property for sale

609 Wilson Ave

Kingsford, MI
property for sale

933 E Hoadley St

Kingsford, MI
property for sale

213 Roseland St

Kingsford, MI
property for sale

201 Cleveland Ave

Kingsford, MI
See the Newest Homes For Sale In Kingsford, MI

Cost Of Living Quick Facts

  • The cost of living in Kingsford is 8% lower than the Michigan average
  • The cost of living in Kingsford is 16% lower than the national average
  • Kingsford housing is 43% 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 Kingsford

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Compare Kingsford, MI Cost of Living

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      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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,135$6,761$1,893$2,434
      Renters$35,327$2,944$824$1,060
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Kingsford, 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 Kingsford, homeowners have a median income of $81,135. Using that number, a maximum of $1,893 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $35,327, which means there is a maximum of $824 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 Kingsford National avg. Difference
      Haircut $23.00$27.6216.7%
      Beauty Salon $34.00$51.1133.5%
      Toothpaste $4.12$4.090.7%
      Shampoo $1.50$1.542.7%
      Movie $14.68$12.8814.0%
      Yoga $20.11$19.662.3%

      Groceries

      Item Kingsford National avg. Difference
      Ground Beef $7.86$7.702.0%
      Fried Chicken $1.51$1.669.2%
      Milk $4.70$4.730.7%
      Potatoes $4.82$5.268.3%
      Pizza $10.96$12.7614.1%
      Beer $9.18$10.5513.0%

      Health Care

      Item Kingsford National avg. Difference
      Optometrist $79.83$140.0643.0%
      Doctor $168.82$153.829.8%
      Dentist $122.89$123.150.2%
      Ibuprofen $11.83$11.730.8%
      Lipitor $10.20$23.6156.8%

      Housing

      Item Kingsford National avg. Difference
      Home Price $172,717.00$326,622.0047.1%
      Avg. Mortgage Payment $2,276.57$2,480.258.2%
      Apartment Rent $976.00$1,444.0032.4%

      Transportation

      Item Kingsford National avg. Difference
      Gasoline $2.91$3.064.8%
      Tire Balancing $75.33$65.2115.5%

      Utilities

      Item Kingsford National avg. Difference
      All Electricity $176.54$220.1219.8%
      Phone $189.88$195.713.0%
      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 Population Cost of Living Index National Avg.
      Pembine, WI211955.1%
      Dunbar, WI597525.2%
      Florence, WI4407624.5%
      Goodman, WI2847723.3%
      Niagara, WI1,5198317.3%
      Kingsford, MI5,1568416.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lawrenceburg, IN5,156927.6%
      Hutchinson Island South, FL5,15811918.9%
      Buckley, WA5,15314241.6%
      Lochmoor Waterway Estates, FL5,15911515.2%
      Tipton, IN5,1608614.0%
      Kingsford, MI5,1568416.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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