Three Rivers, MI Cost Of Living
Cost Of Living In Three Rivers, MI Summary
Cost of living in Three Rivers 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 Three Rivers 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 Three Rivers is 82, with 100 being the average.
The cost of living index in Three Rivers is 0.8x lower than the national average.
Three Rivers ranks as the #17 cheapest in Michigan out of 180.
Three Rivers ranks as the #221 cheapest out of 6,489 in the US.
The median home value in Three Rivers is $214,856.
The median income in Three Rivers is $48,852.
Table Of Contents
Three Rivers's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Three Rivers, MI?
According to the most recent data on the cost of living, Three Rivers has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Michigan, Three Rivers has a cost of living index that's 0.9x lower than Michigan's index of 90.
The standard of living in Three Rivers ranks as #17 most affordable out of the 180 places we measured in Michigan. By definition, that implies Three Rivers ranks as the #163 most expensive place in the Wolverine State.
For more reading on life in Three Rivers, check out:
In Michigan
In America
Three Rivers Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Three Rivers. Here is how it fairs on each of the criteria:
The Services index in Three Rivers is 89.
The Groceries index in Three Rivers is 96.
The Health index in Three Rivers is 96.
The Housing index in Three Rivers is 54.
The Transportation index in Three Rivers is 96.
The Utilities index in Three Rivers is 104.
| Living Expense | Three Rivers | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 82 | 90 | 100 | |
| Services | 89 | 93 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 96 | 91 | 100 | |
| Housing | 54 | 72 | 100 | |
| Transportation | 96 | 96 | 100 | |
| Utilities | 104 | 99 | 100 | |
Three Rivers, 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 Three Rivers is $214,856.
The Median Rent in Three Rivers is $815.
The Median Income in Three Rivers is $48,852.
The Home Value To Income in Three Rivers is 4.4x.
The Rent To Monthly Income in Three Rivers is 0.2x.
| Statistic | Three Rivers | Michigan | United States |
|---|---|---|---|
| Median Home Value | $214,856 | $258,642 | $303,400 |
| Median Rent | $815 | $1,084 | $1,348 |
| Median Income | $48,852 | $71,149 | $78,538 |
| Home Value To Income | 4.4x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Three Rivers, MI Costs By Category
Detailed Three Rivers Services Costs Vs. Michigan
| Item | Three Rivers | 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 Three Rivers Groceries Costs Vs. Michigan
| Item | Three Rivers | 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 Three Rivers Health Costs Vs. Michigan
| Item | Three Rivers | Michigan |
|---|---|---|
| Optometrist | $91.4 | $125.68 |
| Doctor | $139.14 | $135.78 |
| Dentist | $120.35 | $113.29 |
Detailed Three Rivers Transportation Costs Vs. Michigan
| Item | Three Rivers | Michigan |
|---|---|---|
| Gasoline | $3.42 | $3.46 |
| Tire Balancing | $60.57 | $59.92 |
Detailed Three Rivers Utilities Costs Vs. Michigan
| Item | Three Rivers | Michigan |
|---|---|---|
| All Electricity | $180.47 | $193.99 |
| Phone | $184.98 | $192.25 |
Three Rivers SnackAbility
/10
Cost Of Living In Cities Around Three Rivers
The cost of living varies in the cities and towns around Three Rivers. 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 94, 1.1x Three Rivers.
Goshen, IN has a cost of living index of 88, 1.1x Three Rivers.
Granger, IN has a cost of living index of 102, 1.2x Three Rivers.
| City | Population | Cost Of Living | Vs. Three Rivers |
|---|---|---|---|
| Portage, MI | 49,015 | 94 | 1.1x |
| Goshen, IN | 34,374 | 88 | 1.1x |
| Granger, IN | 30,279 | 102 | 1.2x |
| Sturgis, MI | 11,077 | 85 | 1.0x |
| Westwood, MI | 8,968 | 91 | 1.1x |
| St. Joseph, MI | 7,805 | 96 | 1.2x |
| Nappanee, IN | 7,040 | 87 | 1.1x |
| Marshall, MI | 6,797 | 89 | 1.1x |
| Eastwood, MI | 6,704 | 82 | 1.0x |
| Dunlap, IN | 6,602 | 91 | 1.1x |
