Cost of Living in Lake Odessa, MI

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14%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
38%
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 Odessa Michigan National
Cost of living8691100
Groceries9698100
Health care9597100
Housing6276100
Transportation9696100
Utilities100100100
Lifestyle & Entertainment10096100
Household Items9898100
Education & Childcare9395100
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Homes For Sale In Lake Odessa, MI

property for sale

1033 Washington Blvd

Lake Odessa, MI
property for sale

439 Grace St

Lake Odessa, MI
property for sale

810 1st St

Lake Odessa, MI
property for sale

13773 Saubee Rd

Lake Odessa, MI

Cost Of Living Quick Facts

  • The cost of living in Lake Odessa is 5% lower than the Michigan average
  • The cost of living in Lake Odessa is 14% lower than the national average
  • Lake Odessa housing is 38% 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 Odessa

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Compare Lake Odessa, MI Cost of Living

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      Health care index
      Housing index
      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$74,076$6,173$1,728$2,223
      Renters$68,655$5,721$1,602$2,060

      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.
      Muir, MI7268118.9%
      Lyons, MI8148515.3%
      Nashville, MI1,4958317.3%
      Vermontville, MI7248514.9%
      Saranac, MI1,6558613.6%
      Lake Odessa, MI2,2518613.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hinckley, IL2,2511066.2%
      Manchester, KY2,2518119.4%
      Lake Butler city, FL2,2508514.9%
      West End, NY2,2501010.8%
      New Market, VA2,2501054.9%
      Lake Odessa, MI2,2518613.7%
      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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