Cadillac, MI Cost Of Living
Cost Of Living In Cadillac, MI Summary
Cost of living in Cadillac 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 Cadillac 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 Cadillac is 82, with 100 being the average.
The cost of living index in Cadillac is 0.8x lower than the national average.
Cadillac ranks as the #25 cheapest in Michigan out of 175.
Cadillac ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Cadillac is $87,400.
The median income in Cadillac is $42,026.
Table Of Contents
Cadillac's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cadillac, MI?
According to the most recent data on the cost of living, Cadillac has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Michigan, Cadillac has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Cadillac ranks as #25 most affordable out of the 175 places we measured in Michigan. By definition, that implies Cadillac ranks as the #150 most expensive place in the Wolverine State.
For more reading on life in Cadillac, check out:
- Living In Cadillac
- Cadillac Crime Report
- Search Homes For Sale In Cadillac, MI
In Michigan
In America
Cadillac Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Cadillac. Here is how it fairs on each of the criteria:
The Services index in Cadillac is 98.
The Groceries index in Cadillac is 89.
The Health index in Cadillac is 97.
The Housing index in Cadillac is 52.
The Transportation index in Cadillac is 107.
The Utilities index in Cadillac is 100.
| Living Expense | Cadillac | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 82 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 52 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Cadillac, 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 Cadillac is $87,400.
The Median Rent in Cadillac is $678.
The Median Income in Cadillac is $42,026.
The Home Value To Income in Cadillac is 2.1x.
The Rent To Monthly Income in Cadillac is 0.19x.
| Statistic | Cadillac | Michigan | United States |
|---|---|---|---|
| Median Home Value | $87,400 | $172,100 | $244,900 |
| Median Rent | $678 | $946 | $1,163 |
| Median Income | $42,026 | $63,202 | $69,021 |
| Home Value To Income | 2.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Cadillac, MI Costs By Category
Detailed Cadillac Services Costs Vs. Michigan
Detailed Cadillac Groceries Costs Vs. Michigan
Detailed Cadillac Health Costs Vs. Michigan
Detailed Cadillac Transportation Costs Vs. Michigan
Detailed Cadillac Utilities Costs Vs. Michigan
Cadillac SnackAbility
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Cost Of Living In Cities Around Cadillac
The cost of living varies in the cities and towns around Cadillac. Here's a quick look at the cost of living in the most populous nearby places:
Big Rapids, MI has a cost of living index of 81, 1.0x Cadillac.
Manistee, MI has a cost of living index of 82, 1.0x Cadillac.
| City | Population | Cost Of Living | Vs. Cadillac |
|---|---|---|---|
| Big Rapids, MI | 9,105 | 81 | 1.0x |
| Manistee, MI | 6,230 | 82 | 1.0x |
