Marshall, MI Cost Of Living
Cost Of Living In Marshall, MI Summary
Cost of living in Marshall 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 Marshall 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 Marshall is 80, with 100 being the average.
The cost of living index in Marshall is 0.8x lower than the national average.
Marshall ranks as the #15 cheapest in Michigan out of 175.
Marshall ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Marshall is $143,800.
The median income in Marshall is $63,438.
Table Of Contents
Marshall's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marshall, MI?
According to the most recent data on the cost of living, Marshall has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Michigan, Marshall has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Marshall ranks as #15 most affordable out of the 175 places we measured in Michigan. By definition, that implies Marshall ranks as the #160 most expensive place in the Wolverine State.
For more reading on life in Marshall, check out:
- Living In Marshall
- Marshall Crime Report
- Search Homes For Sale In Marshall, MI
In Michigan
In America
Marshall Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Marshall. Here is how it fairs on each of the criteria:
The Services index in Marshall is 89.
The Groceries index in Marshall is 75.
The Health index in Marshall is 93.
The Housing index in Marshall is 62.
The Transportation index in Marshall is 98.
The Utilities index in Marshall is 98.
| Living Expense | Marshall | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 80 | 92 | 100 | |
| Services | 89 | 96 | 100 | |
| Groceries | 75 | 96 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 62 | 80 | 100 | |
| Transportation | 98 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Marshall, 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 Marshall is $143,800.
The Median Rent in Marshall is $819.
The Median Income in Marshall is $63,438.
The Home Value To Income in Marshall is 2.3x.
The Rent To Monthly Income in Marshall is 0.15x.
| Statistic | Marshall | Michigan | United States |
|---|---|---|---|
| Median Home Value | $143,800 | $172,100 | $244,900 |
| Median Rent | $819 | $946 | $1,163 |
| Median Income | $63,438 | $63,202 | $69,021 |
| Home Value To Income | 2.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Marshall, MI Costs By Category
Detailed Marshall Services Costs Vs. Michigan
Detailed Marshall Groceries Costs Vs. Michigan
Detailed Marshall Health Costs Vs. Michigan
Detailed Marshall Transportation Costs Vs. Michigan
Detailed Marshall Utilities Costs Vs. Michigan
Marshall SnackAbility
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Cost Of Living In Cities Around Marshall
The cost of living varies in the cities and towns around Marshall. Here's a quick look at the cost of living in the most populous nearby places:
Battle Creek, MI has a cost of living index of 80, 1.0x Marshall.
Portage, MI has a cost of living index of 87, 1.1x Marshall.
East Lansing, MI has a cost of living index of 95, 1.2x Marshall.
| City | Population | Cost Of Living | Vs. Marshall |
|---|---|---|---|
| Battle Creek, MI | 52,434 | 80 | 1.0x |
| Portage, MI | 48,767 | 87 | 1.1x |
| East Lansing, MI | 47,427 | 95 | 1.2x |
| Holt, MI | 25,755 | 86 | 1.1x |
| Okemos, MI | 25,179 | 101 | 1.3x |
| Waverly, MI | 23,328 | 94 | 1.2x |
| Haslett, MI | 19,333 | 93 | 1.2x |
| Westwood, MI | 8,920 | 83 | 1.0x |
| Mason, MI | 8,307 | 85 | 1.1x |
| Albion, MI | 8,061 | 75 | 0.9x |
