Why Greater Grand Rapids

Cost of Living

Get More for Less in Greater Grand Rapids

Grand Rapids, Michigan is known as one of the most affordable cities in America. Coming in below national averages for the cost of living index in several categories, residents and businesses alike can enjoy affordability without a sacrifice in quality.

Grand Rapids Cost of Living Index

Cost of Living scores and indexes are a means of comparing the overall price of goods and services between different cities throughout the United States. The national average for all Cost of Living Index categories is 100.

Category
Index
National Average
Definition
Category
Composite
Index
94.7
National Average
100.0
Definition
Total of all cost of living categories weighed subjectively
Category
Grocery
Index
89.1
National Average
100.0
Definition
Average cost of typical grocery items such as milk, canned foods, and meats.
Category
Housing
Index
89.1
National Average
100.0
Definition
Takes into account both rental and owner-occupied housing that an average college-educated, married couple might rent or buy. Also incorporates data on mortgage rates and fees.
Category
Utilities
Index
100.5
National Average
100.0
Definition
Takes into account cost of electricity and gas.
Category
Transportation
Index
107.0
National Average
100.0
Definition
This portion of the index accounts for auto maintenance and gas prices.
Category
Health Care
Index
94.9
National Average
100.0
Definition
The prices of over-the-counter and prescription drugs, dental appointments, doctors appointments, and other typical health-related expenses.
Category
Miscellaneous
Index
96.7
National Average
100.0
Definition
Cost index of goods and services not included in other cost of living categories, including clothing, restaurants, repairs, entertainment and other services.

How does Grand Rapids compare?

The quarterly Cost of Living Index below provides a useful and reasonably accurate way to compare cost of living differences between urban areas weighted by different categories of consumer expenditures for mid-management households.