Cost of living in Marquette 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 Marquette 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 Marquette is 92, with 100 being the average.
The cost of living index in Marquette is 0.9x lower than the national average.
Marquette ranks as the #102 cheapest in Michigan out of 175.
Marquette ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Marquette is $192,200.
The median income in Marquette is $47,179.
According to the most recent data on the cost of living, Marquette has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Michigan, Marquette has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Marquette ranks as #102 most affordable out of the 175 places we measured in Michigan. By definition, that implies Marquette ranks as the #73 most expensive place in the Wolverine State.
For more reading on life in Marquette, check out:
Six factors go into calculating the cost of living index in Marquette. Here is how it fairs on each of the criteria:
The Services index in Marquette is 93.
The Groceries index in Marquette is 94.
The Health index in Marquette is 100.
The Housing index in Marquette is 85.
The Transportation index in Marquette is 90.
The Utilities index in Marquette is 99.
|Living Expense||Marquette||Michigan||National Average|
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 Marquette is $192,200.
The Median Rent in Marquette is $863.
The Median Income in Marquette is $47,179.
The Home Value To Income in Marquette is 4.1x.
The Rent To Monthly Income in Marquette is 0.22x.
|Median Home Value||$192,200||$172,100||$244,900|
|Home Value To Income||4.1x||2.7x||3.5x|
|Rent To Monthly Income||0.22x||0.18x||0.2x|