Cost Of Living in Palmer, MI

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18%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

55%

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	Palmer	Michigan	National
Cost of living	82	91	100
Groceries	97	98	100
Health care	96	97	100
Housing	45	76	100
Transportation	99	96	100
Utilities	99	100	100
Lifestyle & Entertainment	94	96	100
Household Items	98	98	100
Education & Childcare	103	95	100

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Homes For Sale In Palmer, MI

101 Kirkpatrick Ave

Palmer, MI

Cost Of Living Quick Facts

The cost of living in Palmer is 10% lower than the Michigan average
The cost of living in Palmer is 18% lower than the national average
Palmer housing is 55% 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

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,581	$7,132	$1,997	$2,568
Renters	$53,588	$4,466	$1,250	$1,608

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.
K. I. Sawyer, MI	2,912	80	20.0%
Ishpeming, MI	6,630	84	16.1%
Gwinn, MI	1,799	85	14.6%
Negaunee, MI	4,636	88	11.6%
West Ishpeming, MI	2,894	92	8.3%
Palmer, MI	408	82	18.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Highland Lake, AL	408	101	0.8%
Sulphur Springs city, AR	408	79	20.9%
Lorimor, IA	408	78	21.8%
Clear Lake, IN	408	157	56.6%
McCord Bend, MO	408	78	22.3%
Palmer, MI	408	82	18.2%