Ionia, MI Cost Of Living
Cost Of Living In Ionia, MI Summary
Cost of living in Ionia 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 Ionia 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 Ionia is 85, with 100 being the average.
The cost of living index in Ionia is 0.8x lower than the national average.
Ionia ranks as the #46 cheapest in Michigan out of 175.
Ionia ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Ionia is $122,200.
The median income in Ionia is $54,840.
Table Of Contents
Ionia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ionia, MI?
According to the most recent data on the cost of living, Ionia has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Ionia has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Ionia ranks as #46 most affordable out of the 175 places we measured in Michigan. By definition, that implies Ionia ranks as the #129 most expensive place in the Wolverine State.
For more reading on life in Ionia, check out:
- Living In Ionia
- Ionia Crime Report
- Search Homes For Sale In Ionia, MI
In Michigan
In America
Ionia Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Ionia. Here is how it fairs on each of the criteria:
The Services index in Ionia is 98.
The Groceries index in Ionia is 91.
The Health index in Ionia is 96.
The Housing index in Ionia is 50.
The Transportation index in Ionia is 105.
The Utilities index in Ionia is 100.
| Living Expense | Ionia | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 91 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 50 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Ionia, 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 Ionia is $122,200.
The Median Rent in Ionia is $815.
The Median Income in Ionia is $54,840.
The Home Value To Income in Ionia is 2.2x.
The Rent To Monthly Income in Ionia is 0.18x.
| Statistic | Ionia | Michigan | United States |
|---|---|---|---|
| Median Home Value | $122,200 | $172,100 | $244,900 |
| Median Rent | $815 | $946 | $1,163 |
| Median Income | $54,840 | $63,202 | $69,021 |
| Home Value To Income | 2.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Ionia, MI Costs By Category
Detailed Ionia Services Costs Vs. Michigan
Detailed Ionia Groceries Costs Vs. Michigan
Detailed Ionia Health Costs Vs. Michigan
Detailed Ionia Transportation Costs Vs. Michigan
Detailed Ionia Utilities Costs Vs. Michigan
Ionia SnackAbility
/10
Cost Of Living In Cities Around Ionia
The cost of living varies in the cities and towns around Ionia. Here's a quick look at the cost of living in the most populous nearby places:
Forest Hills, MI has a cost of living index of 112, 1.3x Ionia.
Holt, MI has a cost of living index of 86, 1.0x Ionia.
Okemos, MI has a cost of living index of 101, 1.2x Ionia.
| City | Population | Cost Of Living | Vs. Ionia |
|---|---|---|---|
| Forest Hills, MI | 28,327 | 112 | 1.3x |
| Holt, MI | 25,755 | 86 | 1.0x |
| Okemos, MI | 25,179 | 101 | 1.2x |
| Jenison, MI | 17,570 | 94 | 1.1x |
| Northview, MI | 15,251 | 94 | 1.1x |
| East Grand Rapids, MI | 11,381 | 115 | 1.4x |
| Mason, MI | 8,307 | 85 | 1.0x |
| Hudsonville, MI | 7,598 | 92 | 1.1x |
| Byron Center, MI | 6,860 | 99 | 1.2x |
| Rockford, MI | 6,131 | 91 | 1.1x |
