Cost of Living in Shepherd, MI

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11%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
30%
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 Shepherd Michigan National
Cost of living8991100
Groceries9998100
Health care9697100
Housing7076100
Transportation9496100
Utilities99100100
Lifestyle & Entertainment9596100
Household Items10098100
Education & Childcare10095100
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Homes For Sale In Shepherd, MI

property for sale

323 W Wright Ave

Shepherd, MI
property for sale

5557 E Pleasant Valley Rd

Shepherd, MI
property for sale

117 E Wright Ave

Shepherd, MI
property for sale

117 E Wright Ave Lot : 32-33

Shepherd, MI

Cost Of Living Quick Facts

  • The cost of living in Shepherd is 2% lower than the Michigan average
  • The cost of living in Shepherd is 11% lower than the national average
  • Shepherd housing is 30% 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 Shepherd

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Compare Shepherd, MI Cost of Living

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      Utilities index
      Lifestyle index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$104,762$8,730$2,444$3,143
      Renters$41,322$3,444$964$1,240

      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.
      Rosebush, MI4388317.4%
      Breckenridge, MI1,4728316.5%
      Alma, MI9,1878415.8%
      Weidman, MI1,3138415.7%
      St. Louis, MI7,3168515.2%
      Shepherd, MI1,4088910.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Holstein, IA1,4088514.9%
      Goodman, MS1,4087723.1%
      Elverson, PA1,40811313.4%
      Susquehanna Depot, PA1,408927.7%
      Beaver, WV1,4088416.2%
      Shepherd, MI1,4088910.8%
      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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