Marquette, MI Cost Of Living
Cost Of Living In Marquette, MI Summary
Cost of living in Marquette 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 Marquette 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 Marquette is 92, with 100 being the average.
The cost of living index in Marquette is 0.9x lower than the national average.
Marquette ranks as the #102 cheapest in Michigan out of 175.
Marquette ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Marquette is $192,200.
The median income in Marquette is $47,179.
Table Of Contents
Marquette's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marquette, MI?
According to the most recent data on the cost of living, Marquette has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Michigan, Marquette has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Marquette ranks as #102 most affordable out of the 175 places we measured in Michigan. By definition, that implies Marquette ranks as the #73 most expensive place in the Wolverine State.
For more reading on life in Marquette, check out:
- Living In Marquette
- Marquette Crime Report
- Search Homes For Sale In Marquette, MI
In Michigan
In America
Marquette Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Marquette. Here is how it fairs on each of the criteria:
The Services index in Marquette is 93.
The Groceries index in Marquette is 94.
The Health index in Marquette is 100.
The Housing index in Marquette is 85.
The Transportation index in Marquette is 90.
The Utilities index in Marquette is 99.
| Living Expense | Marquette | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 92 | 92 | 100 | |
| Services | 93 | 96 | 100 | |
| Groceries | 94 | 96 | 100 | |
| Health | 100 | 94 | 100 | |
| Housing | 85 | 80 | 100 | |
| Transportation | 90 | 97 | 100 | |
| Utilities | 99 | 100 | 100 | |
Marquette, 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 Marquette is $192,200.
The Median Rent in Marquette is $863.
The Median Income in Marquette is $47,179.
The Home Value To Income in Marquette is 4.1x.
The Rent To Monthly Income in Marquette is 0.22x.
| Statistic | Marquette | Michigan | United States |
|---|---|---|---|
| Median Home Value | $192,200 | $172,100 | $244,900 |
| Median Rent | $863 | $946 | $1,163 |
| Median Income | $47,179 | $63,202 | $69,021 |
| Home Value To Income | 4.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Marquette, MI Costs By Category
Detailed Marquette Services Costs Vs. Michigan
Detailed Marquette Groceries Costs Vs. Michigan
Detailed Marquette Health Costs Vs. Michigan
Detailed Marquette Transportation Costs Vs. Michigan
Detailed Marquette Utilities Costs Vs. Michigan
Marquette SnackAbility
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Cost Of Living In Cities Around Marquette
The cost of living varies in the cities and towns around Marquette. Here's a quick look at the cost of living in the most populous nearby places:
Ishpeming, MI has a cost of living index of 77, 0.8x Marquette.
| City | Population | Cost Of Living | Vs. Marquette |
|---|---|---|---|
| Ishpeming, MI | 6,223 | 77 | 0.8x |
