The cost of living index in Grand Ledge, MI, stands at 90.5, which is 5.5% lower than the nationwide average of 100. This indicates that residents in Grand Ledge generally spend less on living expenses compared to the national average.
Specifically, housing costs are 15% below the national average, while groceries, utilities, transportation, and miscellaneous expenses are slightly below or close to the national average. Healthcare costs remain on par with the national average. This data suggests that Grand Ledge offers a more affordable living environment for job seekers considering relocation.
The cost of living index in Grand Ledge, Michigan, shows a mixed picture when compared to the nationwide average. Housing costs in Grand Ledge are notably lower, with an index of 85. This means residents pay 15% less for housing compared to the national average. Lower housing costs can make Grand Ledge an attractive option for those looking to save money on one of the largest expenses.
Other areas like groceries, utilities, and transportation also show slight differences. Groceries have an index of 95, meaning they cost 5% less than the national average. Utilities and transportation each have an index of 90, indicating they are 10% cheaper. Healthcare costs in Grand Ledge match the national average, with an index of 100, offering no cost advantage or disadvantage. Miscellaneous costs have an index of 88, which is 12% lower than the national average. Overall, Grand Ledge offers some savings in various areas, making it a potentially cost-effective place to live.
