Mount Pleasant, MI Cost Of Living
Cost Of Living In Mount Pleasant, MI Summary
Cost of living in Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant is 88, with 100 being the average.
The cost of living index in Mount Pleasant is 0.9x lower than the national average.
Mount Pleasant ranks as the #56 cheapest in Michigan out of 180.
Mount Pleasant ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Mount Pleasant is $220,161.
The median income in Mount Pleasant is $39,924.
Table Of Contents
Mount Pleasant's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mount Pleasant, MI?
According to the most recent data on the cost of living, Mount Pleasant has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Michigan, Mount Pleasant has a cost of living index that's 1.0x lower than Michigan's index of 90.
The standard of living in Mount Pleasant ranks as #56 most affordable out of the 180 places we measured in Michigan. By definition, that implies Mount Pleasant ranks as the #124 most expensive place in the Wolverine State.
For more reading on life in Mount Pleasant, check out:
In Michigan
In America
Mount Pleasant Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Mount Pleasant. Here is how it fairs on each of the criteria:
The Services index in Mount Pleasant is 89.
The Groceries index in Mount Pleasant is 96.
The Health index in Mount Pleasant is 96.
The Housing index in Mount Pleasant is 78.
The Transportation index in Mount Pleasant is 97.
The Utilities index in Mount Pleasant is 103.
| Living Expense | Mount Pleasant | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 88 | 90 | 100 | |
| Services | 89 | 93 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 96 | 91 | 100 | |
| Housing | 78 | 72 | 100 | |
| Transportation | 97 | 96 | 100 | |
| Utilities | 103 | 99 | 100 | |
Mount Pleasant, 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 Mount Pleasant is $220,161.
The Median Rent in Mount Pleasant is $870.
The Median Income in Mount Pleasant is $39,924.
The Home Value To Income in Mount Pleasant is 5.5x.
The Rent To Monthly Income in Mount Pleasant is 0.26x.
| Statistic | Mount Pleasant | Michigan | United States |
|---|---|---|---|
| Median Home Value | $220,161 | $258,642 | $303,400 |
| Median Rent | $870 | $1,084 | $1,348 |
| Median Income | $39,924 | $71,149 | $78,538 |
| Home Value To Income | 5.5x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Mount Pleasant, MI Costs By Category
Detailed Mount Pleasant Services Costs Vs. Michigan
| Item | Mount Pleasant | Michigan |
|---|---|---|
| Shampoo | $1.4 | $1.28 |
| Movie | $11.22 | $12.13 |
| Bowling | $22.17 | $18 |
| Haircut | $24.53 | $24.26 |
| Beauty Salon | $56.27 | $45.56 |
Detailed Mount Pleasant Groceries Costs Vs. Michigan
| Item | Mount Pleasant | Michigan |
|---|---|---|
| Ground Beef | $5.51 | $5.84 |
| Fried Chicken | $1.69 | $1.57 |
| Milk | $4.84 | $4.67 |
| Potatoes | $4.77 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $9.38 | $10.41 |
| Toothpaste | $3.64 | $3.7 |
Detailed Mount Pleasant Health Costs Vs. Michigan
| Item | Mount Pleasant | Michigan |
|---|---|---|
| Optometrist | $91.4 | $125.68 |
| Doctor | $139.14 | $135.78 |
| Dentist | $120.35 | $113.29 |
Detailed Mount Pleasant Transportation Costs Vs. Michigan
| Item | Mount Pleasant | Michigan |
|---|---|---|
| Gasoline | $3.42 | $3.46 |
| Tire Balancing | $60.57 | $59.92 |
Detailed Mount Pleasant Utilities Costs Vs. Michigan
| Item | Mount Pleasant | Michigan |
|---|---|---|
| All Electricity | $180.47 | $193.99 |
| Phone | $184.98 | $192.25 |
Mount Pleasant SnackAbility
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Cost Of Living In Cities Around Mount Pleasant
The cost of living varies in the cities and towns around Mount Pleasant. Here's a quick look at the cost of living in the most populous nearby places:
Midland, MI has a cost of living index of 97, 1.1x Mount Pleasant.
Ionia, MI has a cost of living index of 86, 1.0x Mount Pleasant.
Alma, MI has a cost of living index of 82, 0.9x Mount Pleasant.
| City | Population | Cost Of Living | Vs. Mount Pleasant |
|---|---|---|---|
| Midland, MI | 42,461 | 97 | 1.1x |
| Ionia, MI | 12,950 | 86 | 1.0x |
| Alma, MI | 9,421 | 82 | 0.9x |
| Big Rapids, MI | 7,847 | 81 | 0.9x |
| St. Johns, MI | 7,712 | 87 | 1.0x |
| Freeland, MI | 7,562 | 100 | 1.1x |
| Shields, MI | 7,276 | 95 | 1.1x |
| St. Louis, MI | 6,926 | 84 | 1.0x |
| Bridgeport, MI | 6,841 | 85 | 1.0x |
| Belding, MI | 5,949 | 83 | 0.9x |
