Hastings, MI Cost Of Living
Cost Of Living In Hastings, MI Summary
Cost of living in Hastings 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 Hastings 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 Hastings is 88, with 100 being the average.
The cost of living index in Hastings is 0.9x lower than the national average.
Hastings ranks as the #64 cheapest in Michigan out of 175.
Hastings ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Hastings is $120,900.
The median income in Hastings is $50,287.
Table Of Contents
Hastings's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hastings, MI?
According to the most recent data on the cost of living, Hastings has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Michigan, Hastings has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Hastings ranks as #64 most affordable out of the 175 places we measured in Michigan. By definition, that implies Hastings ranks as the #111 most expensive place in the Wolverine State.
For more reading on life in Hastings, check out:
- Living In Hastings
- Hastings Crime Report
- Search Homes For Sale In Hastings, MI
In Michigan
In America
Hastings Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Hastings. Here is how it fairs on each of the criteria:
The Services index in Hastings is 95.
The Groceries index in Hastings is 90.
The Health index in Hastings is 97.
The Housing index in Hastings is 61.
The Transportation index in Hastings is 107.
The Utilities index in Hastings is 102.
| Living Expense | Hastings | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 61 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 102 | 100 | 100 | |
Hastings, 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 Hastings is $120,900.
The Median Rent in Hastings is $858.
The Median Income in Hastings is $50,287.
The Home Value To Income in Hastings is 2.4x.
The Rent To Monthly Income in Hastings is 0.2x.
| Statistic | Hastings | Michigan | United States |
|---|---|---|---|
| Median Home Value | $120,900 | $172,100 | $244,900 |
| Median Rent | $858 | $946 | $1,163 |
| Median Income | $50,287 | $63,202 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hastings, MI Costs By Category
Detailed Hastings Services Costs Vs. Michigan
Detailed Hastings Groceries Costs Vs. Michigan
Detailed Hastings Health Costs Vs. Michigan
Detailed Hastings Transportation Costs Vs. Michigan
Detailed Hastings Utilities Costs Vs. Michigan
Hastings SnackAbility
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Cost Of Living In Cities Around Hastings
The cost of living varies in the cities and towns around Hastings. Here's a quick look at the cost of living in the most populous nearby places:
Portage, MI has a cost of living index of 87, 1.0x Hastings.
Forest Hills, MI has a cost of living index of 112, 1.3x Hastings.
Okemos, MI has a cost of living index of 101, 1.1x Hastings.
| City | Population | Cost Of Living | Vs. Hastings |
|---|---|---|---|
| Portage, MI | 48,767 | 87 | 1.0x |
| Forest Hills, MI | 28,327 | 112 | 1.3x |
| Okemos, MI | 25,179 | 101 | 1.1x |
| Jenison, MI | 17,570 | 94 | 1.1x |
| Northview, MI | 15,251 | 94 | 1.1x |
| East Grand Rapids, MI | 11,381 | 115 | 1.3x |
| Westwood, MI | 8,920 | 83 | 0.9x |
| Hudsonville, MI | 7,598 | 92 | 1.0x |
| Byron Center, MI | 6,860 | 99 | 1.1x |
| Rockford, MI | 6,131 | 91 | 1.0x |
