2017 Cost of Living in Michigan
Grand Rapids, Michigan is one of the most affordable cities in America, with a reputation as a place where people and businesses can get more for their money. The 2017 cost of living in Michigan is low compared to other US states. Check out our cost of living calculator below for side by side city comparisons.
Residential housing is affordable, and there are numerous options for low cost commercial real estate.
The region's affordability doesn't come with a sacrifice in quality either; it boasts awarding-winning schools, outstanding health care, and a vibrant downtown.
Cost of Living Index Summary for Grand Rapids
|100% Composite Index||94.4|
|Misc. Goods and Services||97.5|
Cost of Living Index
Grand Rapids, Michigan
100% Composite Index - 94.4
Grocery Items - 97.4
This component of the index takes into account the cost of typical grocery items such as milk, canned foods, and meats.
Healthcare - 95.6
This component incorporates the prices of over-the-counter and prescription drugs, dental appointments, doctors appointments, and other typical health-related expenses.
Housing - 87.8
The housing component comprises the second largest share of the composite index since this expense is usually the largest for residents. This takes into account both rental and owner-occupied housing that an average college-educated, married couple might rent or buy. The Housing index also incorporates data on mortgage rates and fees.
Utilities - 87.3
Takes into account cost of electricity and gas.
Transportation - 106.1
This portion of the index accounts for auto maintenance and gas prices.
Misc. Goods and Services - 97.5
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.