Indiana is 2.6% cheaper than Michigan.
Is Michigan an expensive state to live in?
An amount below 100 means Michigan is cheaper than the US average.
Michigan cost of living is 89.6.
| COST OF LIVING | Michigan | United States |
|---|---|---|
| Overall | 89.6 | 100 |
| Grocery | 93.4 | 100 |
| Health | 86 | 100 |
| Housing | 65.5 | 100 |
Is it cheap to live in Indiana?
A recent report by GOBankingRates has Indiana ranked as one of the top three most affordable states to live. The financial website looks at what it would take financially to live in all 50 states according to the cost of living. You can guess some of the most expensive ones, such as California, New York and Hawaii.
Is Indiana an expensive place to live?
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.
Is it cheap to live in Michigan?
Nationally, Michigan ranks fourth among states for the lowest cost of living, at about 10% below the national average, with communities like Detroit and Grand Rapids also ranking among the top regions internationally for housing affordability.
What state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is the cost of living in Indiana?
Indiana cost of living is 82.1
| COST OF LIVING | Indiana | United States |
|---|---|---|
| Grocery | 92.9 | 100 |
| Health | 82.2 | 100 |
| Housing | 61.7 | 100 |
| Median Home Cost | $186,100 | $291,700 |
Is Indiana a good state to live in?
Is Indiana a Good Place to Live? Indiana is one of the best states to live in because it boasts the lowest cost of living, low crime rates, and plenty of job opportunities with a growing automotive industry. As the state with the lowest cost of living, it also makes sense that it has incredibly affordable housing.
What is the average salary for a person living in Indiana?
What are the Average Salaries in Indiana? According to CityRating.com the average salary in the state of Indiana is $41,660. The United States city average is $49,808. Career Trends lists dozens of jobs and occupations with their corresponding annual salaries in the state of Indiana.
What city in Indiana has the highest cost of living?
Top ten most expensive cities in Indiana
| City | Average Price | |
|---|---|---|
| #1 | Zionsville | $614,184 |
| #2 | Carmel | $502,512 |
| #3 | Westfield | $415,436 |
| #4 | Fishers | $401,994 |
How much are groceries in Indiana?
Indiana Food Costs
Data from the U.S. Department of Agriculture shows that the cost of food varies from state to state. In Indiana, a single adult spends an average of $2,872 on food annually, and a family of four spends $8,295 on average.
Is it cheaper to live in Florida or Indiana?
Indiana is 7.2% cheaper than Florida.
What’s the cheapest city in Michigan to live in?
Ann Arbor. In 2018, Ann Arbor was named #1 on our Top 100 Best Places to Live list and it’s easy to see why. This college town can add another jewel to its crown: the most affordable place to live in the state.
Is Michigan worth living in?
Michigan has a low cost of living relative to other states in the U.S. The average cost of living rating of the U.S. is 100, Michigan is at 89. That means less money spent on groceries, health, housing, utilities, than the national average.
Where should I not live in Michigan?
The 20 Worst Places to Live in Michigan
- Highland Park. According to Road Snacks, the worst place to live in Michigan is Highland Park, and there are many reasons that this location ranks in the top position.
- Lapeer.
- River Rouge.
- Detroit.
- Benton Harbor.
- Ecorse.
- Dowagiac.
- Pontiac.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
What is the most expensive state to live in 2021?
Hawaii. Hawaii is the most expensive state to live in the United States.
Where is the most affordable place to live?
Here are the top 10 most affordable cities to live in the U.S., according to the Council for Community and Economic Research’s Cost of Living report.
- Cedar Park, Texas.
- Midland, Texas.
- Ogden, Utah.
- Raleigh, North Carolina.
- Provo, Utah.
- Des Moines, Iowa.
- Austin, Texas.
- Minneapolis, Minnesota.
Is Indiana a poor state?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
Where is the best place to live in Indiana?
Moving to Indiana? These are the best places to live, according to Niche
- Carmel.
- Fishers.
- Zionsville.
- Granger.
- Westfield.
- Meridian Hills.
- Delaware Trails.
- Broad Ripple.
Does Indiana have state income tax?
The state of Indiana requires you to pay taxes if you’re a resident or nonresident who receives income from an Indiana source. The state income tax rate is 3.23%, and the sales tax rate is 7%.
