Alma, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Alma, MI Summary

Cost of living in Alma 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 Alma 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 Alma is 81, with 100 being the average.

  • The cost of living index in Alma is 0.8x lower than the national average.

  • Alma ranks as the #22 cheapest in Michigan out of 175.

  • Alma ranks as the #290 cheapest out of 6,412 in the US.

  • The median home value in Alma is $86,000.

  • The median income in Alma is $39,898.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
81
Alma's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Alma, MI?

According to the most recent data on the cost of living, Alma has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.

Compared to Michigan, Alma has a cost of living index that's 0.9x lower than Michigan's index of 92.

The standard of living in Alma ranks as #22 most affordable out of the 175 places we measured in Michigan. By definition, that implies Alma ranks as the #153 most expensive place in the Wolverine State.

For more reading on life in Alma, check out:

22 out of 175
In Michigan
290 out of 6,412
In America

Alma Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Alma. Here is how it fairs on each of the criteria:

  • The Services index in Alma is 98.

  • The Groceries index in Alma is 88.

  • The Health index in Alma is 95.

  • The Housing index in Alma is 51.

  • The Transportation index in Alma is 106.

  • The Utilities index in Alma is 101.

Living Expense Alma Michigan National Average
Overall 81 92 100
Services 98 96 100
Groceries 88 96 100
Health 95 94 100
Housing 51 80 100
Transportation 106 97 100
Utilities 101 100 100
For more reading on cost of living around Michigan, check out:
Alma Cost of Living Vs. MI

Alma, 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 Alma is $86,000.

  • The Median Rent in Alma is $653.

  • The Median Income in Alma is $39,898.

  • The Home Value To Income in Alma is 2.2x.

  • The Rent To Monthly Income in Alma is 0.2x.

Statistic Alma Michigan United States
Median Home Value $86,000 $172,100 $244,900
Median Rent $653 $946 $1,163
Median Income $39,898 $63,202 $69,021
Home Value To Income 2.2x 2.7x 3.5x
Rent To Monthly Income 0.2x 0.18x 0.2x
Search Homes For Sale In Alma, MI
$86,000
Median Home Value
$653
Median Rent
$39,898
Median Income

Alma, MI Costs By Category

Detailed Alma Services Costs Vs. Michigan

Item Alma 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 Alma Groceries Costs Vs. Michigan

Item Alma 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 Alma Health Costs Vs. Michigan

Item Alma Michigan
Optometrist $105.11 $108.57
Doctor $98.0 $116.17
Dentist $94.78 $99.13

Detailed Alma Transportation Costs Vs. Michigan

Item Alma Michigan
Gasoline $2.23 $2.22
Tire Balancing $60.0 $50.07

Detailed Alma Utilities Costs Vs. Michigan

Item Alma Michigan
All Electricity $170.23 $167.67
Phone $181.0 $175.64

Alma SnackAbility

6
/10
Overall SnackAbility
Jobs
4/10
Housing
4
Affordability
7
Diversity
7
Safety
7
Amenities
8
Education
8
Commute
9

Cost Of Living In Cities Around Alma

The cost of living varies in the cities and towns around Alma. Here's a quick look at the cost of living in the most populous nearby places:

  • East Lansing, MI has a cost of living index of 95, 1.2x Alma.

  • Midland, MI has a cost of living index of 93, 1.1x Alma.

  • Okemos, MI has a cost of living index of 101, 1.2x Alma.

City Population Cost Of Living Vs. Alma
East Lansing, MI 47,427 95 1.2x
Midland, MI 42,425 93 1.1x
Okemos, MI 25,179 101 1.2x
Waverly, MI 23,328 94 1.2x
Mount Pleasant, MI 21,880 89 1.1x
Haslett, MI 19,333 93 1.1x
Flushing, MI 8,356 93 1.1x
Grand Ledge, MI 7,792 87 1.1x
St. Johns, MI 7,700 90 1.1x
St. Louis, MI 7,435 84 1.0x

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