Charlotte, MI, has a cost of living index that is 89% of the nationwide average. This means that, overall, living expenses in Charlotte are slightly lower than the national average. The housing index at 80% indicates that housing costs are notably cheaper in Charlotte compared to the rest of the country. Other categories like groceries, utilities, and healthcare also show lower costs, making Charlotte an attractive option for those looking to manage living expenses effectively.
The cost of living in Charlotte, MI, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Charlotte stand at 80, indicating that residents spend 20% less on housing compared to the national average. This lower cost can be a significant advantage for those looking to settle in Charlotte, as it provides more disposable income for other expenses.
Charlotte also shows competitive prices in other areas. Groceries cost 90, meaning they are 10% cheaper than the average. Utilities are slightly higher at 95, but still only 5% more than the national average. Transportation costs are at 85, which is 15% lower. Healthcare costs are at 95, just 5% above the average, and miscellaneous expenses are at 92, which is 8% less. Overall, Charlotte offers a cost of living that is generally lower than the national average, making it an attractive option for many.
