Belding, MI Cost Of Living

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

Cost Of Living In Belding, MI Summary

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

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

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

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

  • The median home value in Belding is $109,200.

  • The median income in Belding is $48,166.

Table Of Contents

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

What is the cost of living in Belding, MI?

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

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

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

For more reading on life in Belding, check out:

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

Belding Cost Of Living Vs. Michigan

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

  • The Services index in Belding is 98.

  • The Groceries index in Belding is 88.

  • The Health index in Belding is 97.

  • The Housing index in Belding is 50.

  • The Transportation index in Belding is 109.

  • The Utilities index in Belding is 100.

Living Expense Belding Michigan National Average
Overall 81 92 100
Services 98 96 100
Groceries 88 96 100
Health 97 94 100
Housing 50 80 100
Transportation 109 97 100
Utilities 100 100 100
For more reading on cost of living around Michigan, check out:
Belding Cost of Living Vs. MI

Belding, 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 Belding is $109,200.

  • The Median Rent in Belding is $768.

  • The Median Income in Belding is $48,166.

  • The Home Value To Income in Belding is 2.3x.

  • The Rent To Monthly Income in Belding is 0.19x.

Statistic Belding Michigan United States
Median Home Value $109,200 $172,100 $244,900
Median Rent $768 $946 $1,163
Median Income $48,166 $63,202 $69,021
Home Value To Income 2.3x 2.7x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Belding, MI
$109,200
Median Home Value
$768
Median Rent
$48,166
Median Income

Belding, MI Costs By Category

Detailed Belding Services Costs Vs. Michigan

Item Belding 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 Belding Groceries Costs Vs. Michigan

Item Belding 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 Belding Health Costs Vs. Michigan

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

Detailed Belding Transportation Costs Vs. Michigan

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

Detailed Belding Utilities Costs Vs. Michigan

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

Belding SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8
Diversity
4
Safety
6
Amenities
8
Education
5
Commute
6

Cost Of Living In Cities Around Belding

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

  • Forest Hills, MI has a cost of living index of 112, 1.4x Belding.

  • Northview, MI has a cost of living index of 94, 1.2x Belding.

  • Ionia, MI has a cost of living index of 85, 1.0x Belding.

City Population Cost Of Living Vs. Belding
Forest Hills, MI 28,327 112 1.4x
Northview, MI 15,251 94 1.2x
Ionia, MI 11,655 85 1.0x
Greenville, MI 9,057 83 1.0x
Rockford, MI 6,131 91 1.1x

Articles About Michigan

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