Bay City, MI Cost Of Living
Cost Of Living In Bay City, MI Summary
Cost of living in Bay City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bay City is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bay City is 85, with 100 being the average.
The cost of living index in Bay City is 0.8x lower than the national average.
Bay City ranks as the #46 cheapest in Michigan out of 175.
Bay City ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Bay City is $71,300.
The median income in Bay City is $41,959.
Table Of Contents
Bay City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bay City, MI?
According to the most recent data on the cost of living, Bay City has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Bay City has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Bay City ranks as #46 most affordable out of the 175 places we measured in Michigan. By definition, that implies Bay City ranks as the #129 most expensive place in the Wolverine State.
For more reading on life in Bay City, check out:
- Living In Bay City
- Bay City Crime Report
- Search Homes For Sale In Bay City, MI
In Michigan
In America
Bay City Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Bay City. Here is how it fairs on each of the criteria:
The Services index in Bay City is 108.
The Groceries index in Bay City is 99.
The Health index in Bay City is 95.
The Housing index in Bay City is 42.
The Transportation index in Bay City is 109.
The Utilities index in Bay City is 96.
| Living Expense | Bay City | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 42 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 96 | 100 | 100 | |
Bay City, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bay City is $71,300.
The Median Rent in Bay City is $651.
The Median Income in Bay City is $41,959.
The Home Value To Income in Bay City is 1.7x.
The Rent To Monthly Income in Bay City is 0.19x.
| Statistic | Bay City | Michigan | United States |
|---|---|---|---|
| Median Home Value | $71,300 | $172,100 | $244,900 |
| Median Rent | $651 | $946 | $1,163 |
| Median Income | $41,959 | $63,202 | $69,021 |
| Home Value To Income | 1.7x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Bay City, MI Costs By Category
Detailed Bay City Services Costs Vs. Michigan
Detailed Bay City Groceries Costs Vs. Michigan
Detailed Bay City Health Costs Vs. Michigan
Detailed Bay City Transportation Costs Vs. Michigan
Detailed Bay City Utilities Costs Vs. Michigan
Bay City SnackAbility
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