Cost of Living in Lake City, MI

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14%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
41%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake City Michigan National
Cost of living8691100
Groceries9998100
Health care9697100
Housing5976100
Transportation9496100
Utilities99100100
Lifestyle & Entertainment9596100
Household Items10098100
Education & Childcare10095100
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Homes For Sale In Lake City, MI

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1545 S Lachance Rd

Lake City, MI
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Lake City, MI
property for sale

5206 S Riverview Dr

Lake City, MI
property for sale

1645 S Duck Point Rd

Lake City, MI

Cost Of Living Quick Facts

  • The cost of living in Lake City is 5% lower than the Michigan average
  • The cost of living in Lake City is 14% lower than the national average
  • Lake City housing is 41% 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 Lake City

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      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$102,290$8,524$2,387$3,069
      Renters$31,249$2,604$729$938

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Haring, MI3727722.5%
      Jennings, MI2588020.4%
      McBain, MI7448218.1%
      Cadillac, MI10,8418415.9%
      Manton, MI1,2618515.4%
      Lake City, MI7498614.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Arabi, GA7497921.0%
      North Middletown, KY7498712.8%
      Morley, MO7498416.5%
      Ennis, MT7491033.3%
      Cashiers, NC7491032.6%
      Lake City, MI7498614.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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