Cost Of Living in Walloon Lake, MI

Get 300+ Local Insights for Any Address in Walloon Lake, MI

Get Access to 300+ Local Data Points

A+

1%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

2%

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	Walloon Lake	Michigan	National
Cost of living	99	91	100
Groceries	99	98	100
Health care	96	97	100
Housing	102	76	100
Transportation	94	96	100
Utilities	99	100	100
Lifestyle & Entertainment	95	96	100
Household Items	100	98	100
Education & Childcare	100	95	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Cost Of Living Quick Facts

The cost of living in Walloon Lake is 9% higher than the Michigan average
The cost of living in Walloon Lake is 1% lower than the national average
Walloon Lake housing is 2% higher 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 Walloon Lake

See all the best places to live around Walloon Lake

Compare Walloon Lake, MI Cost of Living

Write a review to give others more information about this area.

See all Walloon Lake poll results

The best places in Michigan

Here are the best places to live in Michigan

Safest States In The US

See the best places to live in Walloon Lake

Check out the 10 safest cities in Michigan

Salary Calculator

This is how much you would need to earn in

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	$104,773	$8,731	$2,445	$3,144
Renters	$140,454	$11,705	$3,277	$4,214

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.
Ponshewaing, MI	32	97	2.5%
Bay View, MI	182	97	2.5%
Oden, MI	473	83	17.4%
East Jordan, MI	2,184	85	15.1%
Vanderbilt, MI	511	85	15.1%
Walloon Lake, MI	318	99	1.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dillon Beach, CA	318	264	163.9%
Coal Creek town, CO	318	105	5.4%
Romeo, CO	318	85	14.6%
Bostwick, GA	318	101	1.3%
Twin Lakes, IA	318	138	37.8%
Walloon Lake, MI	318	99	1.2%