Sylvan Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSylvan LakeMichiganNational
Cost of living index10088100
IndexSylvan LakeMichiganNational
Goods & Services index9793100
Groceries index9191100
Health care index9494100
Housing index10674100
Transportation index108103100
Utilities index10291100
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Did you know?

  • The cost of living in Sylvan Lake is 14% higher than the Michigan average.
  • The cost of living in Sylvan Lake is equal to the national average.
  • The cost of housing in Sylvan Lake is 6% higher than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Compare Sylvan Lake, MI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,057$5,838$1,635$2,102
Renters$43,333$3,611$1,011$1,300

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemSylvan LakeNational avg.Difference
Haircut $16.23$16.090.9%
Beauty Salon $47.07$37.3326.1%
Toothpaste $2.18$2.4511.1%
Shampoo $0.80$1.0020.0%
Movie $10.62$10.283.3%
Bowling $3.44$4.9330.3%

Groceries

ItemSylvan LakeNational avg.Difference
Ground Beef $3.71$3.802.4%
Fried Chicken $1.15$1.4017.7%
Milk $1.73$2.0114.0%
Potatoes $2.37$3.0121.4%
Pizza $10.56$9.896.9%
Beer $8.03$8.909.8%

Health Care

ItemSylvan LakeNational avg.Difference
Optometrist $74.88$102.1626.7%
Doctor $97.01$108.3610.5%
Dentist $91.17$92.531.5%
Ibuprofen $8.27$9.2810.8%
Lipitor $430.75$425.821.2%

Housing

ItemSylvan LakeNational avg.Difference
Home Price $188,900.00$184,700.002.3%
Avg. Mortgage Payment $1,087.18$1,202.449.6%
Apartment Rent $1,094.00$949.0015.3%

Transportation

ItemSylvan LakeNational avg.Difference
Gasoline $2.40$2.247.1%
Tire Balancing $50.88$46.299.9%

Utilities

ItemSylvan LakeNational avg.Difference
All Electricity$150.83$165.969.1%
Phone $33.31$28.6816.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Highland Park, MI10,97878-22%
Pontiac, MI59,92082-18%
Hazel Park, MI16,58783-17%
Holly, MI6,17186-14%
Madison Heights, MI30,16886-14%
Sylvan Lake, MI1,6881000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Farley, IA1,68891-9%
North Bennington, VT1,6881033%
Banks, OR1,68811414%
Pilot Mountain, NC1,68895-5%
Beulaville, NC1,68893-7%
Sylvan Lake, MI1,6881000%
Source: The Sylvan Lake, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.