Muskegon, MI Cost Of Living
Cost Of Living In Muskegon, MI Summary
Cost of living in Muskegon 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 Muskegon 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 Muskegon is 83, with 100 being the average.
The cost of living index in Muskegon is 0.8x lower than the national average.
Muskegon ranks as the #30 cheapest in Michigan out of 175.
Muskegon ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Muskegon is $84,300.
The median income in Muskegon is $37,827.
Table Of Contents
Muskegon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Muskegon, MI?
According to the most recent data on the cost of living, Muskegon has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Michigan, Muskegon has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Muskegon ranks as #30 most affordable out of the 175 places we measured in Michigan. By definition, that implies Muskegon ranks as the #145 most expensive place in the Wolverine State.
For more reading on life in Muskegon, check out:
- Living In Muskegon
- Muskegon Crime Report
- Search Homes For Sale In Muskegon, MI
In Michigan
In America
Muskegon Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Muskegon. Here is how it fairs on each of the criteria:
The Services index in Muskegon is 99.
The Groceries index in Muskegon is 90.
The Health index in Muskegon is 95.
The Housing index in Muskegon is 47.
The Transportation index in Muskegon is 105.
The Utilities index in Muskegon is 100.
| Living Expense | Muskegon | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 47 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Muskegon, 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 Muskegon is $84,300.
The Median Rent in Muskegon is $778.
The Median Income in Muskegon is $37,827.
The Home Value To Income in Muskegon is 2.2x.
The Rent To Monthly Income in Muskegon is 0.25x.
| Statistic | Muskegon | Michigan | United States |
|---|---|---|---|
| Median Home Value | $84,300 | $172,100 | $244,900 |
| Median Rent | $778 | $946 | $1,163 |
| Median Income | $37,827 | $63,202 | $69,021 |
| Home Value To Income | 2.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Muskegon, MI Costs By Category
Detailed Muskegon Services Costs Vs. Michigan
Detailed Muskegon Groceries Costs Vs. Michigan
Detailed Muskegon Health Costs Vs. Michigan
Detailed Muskegon Transportation Costs Vs. Michigan
Detailed Muskegon Utilities Costs Vs. Michigan
Muskegon SnackAbility
/10
Cost Of Living In Cities Around Muskegon
The cost of living varies in the cities and towns around Muskegon. Here's a quick look at the cost of living in the most populous nearby places:
Wyoming, MI has a cost of living index of 89, 1.1x Muskegon.
Kentwood, MI has a cost of living index of 92, 1.1x Muskegon.
Forest Hills, MI has a cost of living index of 112, 1.3x Muskegon.
| City | Population | Cost Of Living | Vs. Muskegon |
|---|---|---|---|
| Wyoming, MI | 76,625 | 89 | 1.1x |
| Kentwood, MI | 53,884 | 92 | 1.1x |
| Forest Hills, MI | 28,327 | 112 | 1.3x |
| Norton Shores, MI | 25,040 | 88 | 1.1x |
| Cutlerville, MI | 19,313 | 88 | 1.1x |
| Jenison, MI | 17,570 | 94 | 1.1x |
| Northview, MI | 15,251 | 94 | 1.1x |
| East Grand Rapids, MI | 11,381 | 115 | 1.4x |
| Muskegon Heights, MI | 10,058 | 77 | 0.9x |
| Hudsonville, MI | 7,598 | 92 | 1.1x |
