Cost of Living in Lakeview, MI

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16%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
50%
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 Lakeview Michigan National
Cost of living8491100
Groceries9998100
Health care9997100
Housing5076100
Transportation9996100
Utilities101100100
Lifestyle & Entertainment9896100
Household Items9898100
Education & Childcare9395100
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Homes For Sale In Lakeview, MI

property for sale

11610 Heron Dr

Lakeview, MI
property for sale

419 Sherman St

Lakeview, MI
property for sale

4785 Vining Rd

Lakeview, MI
property for sale

11671 Oriole Dr

Lakeview, MI

Cost Of Living Quick Facts

  • The cost of living in Lakeview is 8% lower than the Michigan average
  • The cost of living in Lakeview is 16% lower than the national average
  • Lakeview housing is 50% 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 Lakeview

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      Transportation index
      Utilities 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$62,894$5,241$1,467$1,887
      Renters$29,442$2,454$687$883

      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.
      Stanwood, MI1938119.2%
      Edmore, MI1,2748118.6%
      McBride, MI1598416.0%
      Morley, MI6028415.8%
      Pierson, MI1458415.7%
      Lakeview, MI9698416.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Phil Campbell, AL9698019.5%
      Blue Lake, CA96913333.4%
      Olinda, HI969214113.9%
      Weir, KS9697821.9%
      Barre, MA96911514.6%
      Lakeview, MI9698416.3%
      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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