A general overview of the cost of living index for Saginaw, MI is displayed above. In Saginaw, MI, the overall cost of living index is 79, which is 10% lower than the Michigan average and 21% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Saginaw, MI, the city's goods and services are 5% higher than the Michigan average and 3% lower than the U.S. average.