Alma, MI Cost Of Living
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 82, with 100 being the average.
The cost of living index in Alma is 0.8x lower than the national average.
Alma ranks as the #17 cheapest in Michigan out of 180.
Alma ranks as the #221 cheapest out of 6,489 in the US.
The median home value in Alma is $161,003.
The median income in Alma is $50,506.
Table Of Contents
Alma's Overall Cost Of Living
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 82, 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 90.
The standard of living in Alma ranks as #17 most affordable out of the 180 places we measured in Michigan. By definition, that implies Alma ranks as the #163 most expensive place in the Wolverine State.
For more reading on life in Alma, check out:
In Michigan
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 91.
The Groceries index in Alma is 93.
The Health index in Alma is 92.
The Housing index in Alma is 52.
The Transportation index in Alma is 95.
The Utilities index in Alma is 102.
| Living Expense | Alma | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 82 | 90 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 93 | 97 | 100 | |
| Health | 92 | 91 | 100 | |
| Housing | 52 | 72 | 100 | |
| Transportation | 95 | 96 | 100 | |
| Utilities | 102 | 99 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Alma is $161,003.
The Median Rent in Alma is $791.
The Median Income in Alma is $50,506.
The Home Value To Income in Alma is 3.2x.
The Rent To Monthly Income in Alma is 0.19x.
Median Home Value
Median Rent
Median Income
Alma, MI Costs By Category
Detailed Alma Services Costs Vs. Michigan
Detailed Alma Groceries Costs Vs. Michigan
Detailed Alma Health Costs Vs. Michigan
Detailed Alma Transportation Costs Vs. Michigan
Detailed Alma Utilities Costs Vs. Michigan
Alma SnackAbility
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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 98, 1.2x Alma.
Midland, MI has a cost of living index of 97, 1.2x Alma.
Okemos, MI has a cost of living index of 104, 1.3x Alma.
| City | Population | Cost Of Living | Vs. Alma |
|---|---|---|---|
| East Lansing, MI | 45,394 | 98 | 1.2x |
| Midland, MI | 42,461 | 97 | 1.2x |
| Okemos, MI | 25,503 | 104 | 1.3x |
| Waverly, MI | 23,301 | 95 | 1.2x |
| Mount Pleasant, MI | 21,420 | 88 | 1.1x |
| Haslett, MI | 19,025 | 97 | 1.2x |
| Flushing, MI | 8,323 | 91 | 1.1x |
| Grand Ledge, MI | 7,797 | 92 | 1.1x |
| St. Johns, MI | 7,712 | 87 | 1.1x |
| Freeland, MI | 7,562 | 100 | 1.2x |
