Grand Ledge, MI Cost Of Living
Cost Of Living In Grand Ledge, MI Summary
Cost of living in Grand Ledge 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 Grand Ledge 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 Grand Ledge is 87, with 100 being the average.
The cost of living index in Grand Ledge is 0.9x lower than the national average.
Grand Ledge ranks as the #57 cheapest in Michigan out of 175.
Grand Ledge ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Grand Ledge is $161,300.
The median income in Grand Ledge is $65,368.
Table Of Contents
Grand Ledge's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Grand Ledge, MI?
According to the most recent data on the cost of living, Grand Ledge has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Michigan, Grand Ledge has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Grand Ledge ranks as #57 most affordable out of the 175 places we measured in Michigan. By definition, that implies Grand Ledge ranks as the #118 most expensive place in the Wolverine State.
For more reading on life in Grand Ledge, check out:
- Living In Grand Ledge
- Grand Ledge Crime Report
- Search Homes For Sale In Grand Ledge, MI
In Michigan
In America
Grand Ledge Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Grand Ledge. Here is how it fairs on each of the criteria:
The Services index in Grand Ledge is 99.
The Groceries index in Grand Ledge is 90.
The Health index in Grand Ledge is 93.
The Housing index in Grand Ledge is 70.
The Transportation index in Grand Ledge is 105.
The Utilities index in Grand Ledge is 100.
| Living Expense | Grand Ledge | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 70 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Grand Ledge, 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 Grand Ledge is $161,300.
The Median Rent in Grand Ledge is $847.
The Median Income in Grand Ledge is $65,368.
The Home Value To Income in Grand Ledge is 2.5x.
The Rent To Monthly Income in Grand Ledge is 0.16x.
| Statistic | Grand Ledge | Michigan | United States |
|---|---|---|---|
| Median Home Value | $161,300 | $172,100 | $244,900 |
| Median Rent | $847 | $946 | $1,163 |
| Median Income | $65,368 | $63,202 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Grand Ledge, MI Costs By Category
Detailed Grand Ledge Services Costs Vs. Michigan
| Item | Grand Ledge | Michigan |
|---|---|---|
| Shampoo | $0.89 | $1.06 |
| Movie | $11.37 | $10.68 |
| Bowling | $16.78 | $14.67 |
| Haircut | $20.22 | $18.62 |
| Beauty Salon | $32.55 | $39.05 |
Detailed Grand Ledge Groceries Costs Vs. Michigan
| Item | Grand Ledge | Michigan |
|---|---|---|
| Ground Beef | $4.5 | $4.22 |
| Fried Chicken | $1.12 | $1.39 |
| Milk | $1.59 | $2.05 |
| Potatoes | $2.75 | $3.29 |
| Pizza | $10.16 | $10.62 |
| Beer | $8.21 | $9.38 |
| Toothpaste | $1.98 | $2.34 |
Detailed Grand Ledge Health Costs Vs. Michigan
| Item | Grand Ledge | Michigan |
|---|---|---|
| Optometrist | $105.11 | $108.57 |
| Doctor | $98.0 | $116.17 |
| Dentist | $94.78 | $99.13 |
Detailed Grand Ledge Transportation Costs Vs. Michigan
| Item | Grand Ledge | Michigan |
|---|---|---|
| Gasoline | $2.23 | $2.22 |
| Tire Balancing | $60.0 | $50.07 |
Detailed Grand Ledge Utilities Costs Vs. Michigan
| Item | Grand Ledge | Michigan |
|---|---|---|
| All Electricity | $170.23 | $167.67 |
| Phone | $181.0 | $175.64 |
Grand Ledge SnackAbility
/10
Cost Of Living In Cities Around Grand Ledge
The cost of living varies in the cities and towns around Grand Ledge. Here's a quick look at the cost of living in the most populous nearby places:
Lansing, MI has a cost of living index of 85, 1.0x Grand Ledge.
East Lansing, MI has a cost of living index of 95, 1.1x Grand Ledge.
Holt, MI has a cost of living index of 86, 1.0x Grand Ledge.
| City | Population | Cost Of Living | Vs. Grand Ledge |
|---|---|---|---|
| Lansing, MI | 113,592 | 85 | 1.0x |
| East Lansing, MI | 47,427 | 95 | 1.1x |
| Holt, MI | 25,755 | 86 | 1.0x |
| Okemos, MI | 25,179 | 101 | 1.2x |
| Waverly, MI | 23,328 | 94 | 1.1x |
| Haslett, MI | 19,333 | 93 | 1.1x |
| Charlotte, MI | 9,224 | 83 | 1.0x |
| Mason, MI | 8,307 | 85 | 1.0x |
| St. Johns, MI | 7,700 | 90 | 1.0x |
| Eaton Rapids, MI | 5,211 | 78 | 0.9x |
