Indiana is 3.9% cheaper than Michigan.
Is Michigan an expensive state to live in?
In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states.
2022 First Quarter Cost of Living.
| Rank | 1 | 10 |
|---|---|---|
| State | Mississippi | Michigan |
| Index | 83.1 | 89.9 |
| Grocery | 92.3 | 90.4 |
| Housing | 63.8 | 77.8 |
Is it cheap to live in Indiana?
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.
Is living in Indiana expensive?
According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.
Is Michigan a low cost of living state?
Nationally, Michigan ranks fourth among states for the lowest cost of living, at about 10% below the national average, with communities like Detroit and Grand Rapids also ranking among the top regions internationally for housing affordability.
What city in Michigan has the lowest cost of living?
Ann Arbor. In 2018, Ann Arbor was named #1 on our Top 100 Best Places to Live list and it’s easy to see why. This college town can add another jewel to its crown: the most affordable place to live in the state. Median household income, here, is $70,286, with a median home value at $250,200.
What salary do you need to live comfortably in Michigan?
Living Wage Calculation for Michigan
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $16.36 | $32.14 |
| Poverty Wage | $6.19 | $7.46 |
| Minimum Wage | $9.87 | $9.87 |
What is the cheapest city in Indiana to live in?
Here are the top 10 cheapest places to live in Indiana:
- New Whiteland.
- Wabash.
- Rushville.
- North Vernon.
- Elwood.
- Princeton.
- North Manchester.
- Huntington.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
What is the least expensive state to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
How much do you need to live comfortably in Indiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,201 | $59,828 |
| Annual taxes | $5,643 | $12,410 |
| Required annual income before taxes | $32,844 | $72,238 |
What is the best area to live in Indiana?
Main Findings
| Overall Rank (1 = Best) | City | Total Score |
|---|---|---|
| 1 | Fishers, IN | 75.00 |
| 2 | Zionsville, IN | 73.69 |
| 3 | Carmel, IN | 73.19 |
| 4 | Westfield, IN | 66.90 |
What is the average cost of rent in Indiana?
Indianapolis, IN Rent Trends
| Average Rent | Mar / 2019 | Jul / 2022 |
|---|---|---|
| Indianapolis, IN | $857 | $1,108 |
| National | $1,375 | $1,706 |
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
Is rent expensive in Michigan?
On a whole, Michigan’s rent is up 15.71% when comparing 2020 to 2021. The state’s average was $1,194 for a one bedroom. Michigan is in the middle of the pack among its Midwest neighbors.
Are groceries expensive in Michigan?
Here’s the good news…according to balancingeverything.com, Michigan is the least expensive state in the country for groceries. Michigan has the lowest average grocery cost for 1. In the United States, the monthly cost of feeding one person is about $342.11. The average cost of food per day per person is $11.04.
What is the most miserable city in Michigan?
Detroit was named the third-most miserable story by Business Insider, Flint was the ninth and Saginaw was the 33rd. Gary, Indiana, ranked as the number one most miserable city, with Port Arthur Texas coming in at number two. The least most miserable city in Michigan is Novi, which checked in at number 838.
Where should I not live in Michigan?
The 5 Worst Places To Live In Michigan In 2022
- 5.) Flint. Adam Maloney via Unsplash. 5.) Flint.
- 4.) Jackson. Google Maps. 4.) Jackson.
- 3.) Detroit. Jason Hutchison via Unsplash. 3.) Detroit.
- 2.) Benton Harbor. Google Maps. 2.) Benton Harbor.
- 1.) Muskegon Heights. Google Maps. 1.) Muskegon Heights.
What is the best part of Michigan to live in?
Best Places to Live in Michigan in 2022-2023
- Ann Arbor, MI.
- Grand Rapids, MI.
- Kalamazoo, MI.
- Lansing, MI.
- Detroit, MI.
- Flint, MI.
What is a good hourly wage in Michigan?
Average Salary in Michigan
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $89,303 | $43 |
| 75th Percentile | $66,977 | $32 |
| Average | $63,053 | $30 |
| 25th Percentile | $44,205 | $21 |
What is middle class in Michigan?
How Much Income Do You Need in Michigan To Be Considered Middle Class. The median average income in Michigan is $59,584.