Charlevoix, MI, presents a cost of living index that surpasses the nationwide average in several key areas. Housing costs are 20% higher, with an index of 120. Groceries also show an 11% increase, sitting at 110, while utilities remain slightly lower at 95. Overall, Charlevoix's cost of living is elevated, making it important for job seekers to consider these factors in their relocation decisions.
The cost of living index in Charlevoix, MI, shows some variations when compared to the nationwide average. Housing costs in Charlevoix are notably higher, standing at an index of 120. This means housing expenses are 20% more expensive than the national average, which is set at 100. For job seekers considering Charlevoix, this indicates that they should expect to allocate more of their budget towards housing.
Other costs also vary around the national average. For example, groceries in Charlevoix have an index of 110, meaning they are 10% more expensive than the national average. Utilities, on the other hand, are slightly lower, with an index of 95. This shows a 5% decrease from the national average. Transportation costs align closely with the national average at 102, indicating a minimal difference. Healthcare costs are slightly below the national average at 97, offering a 3% reduction. Lastly, miscellaneous expenses have an index of 105, representing a 5% increase. This diverse range of costs highlights the need for careful financial planning for those relocating to Charlevoix.
