Houghton, MI, has a lower cost of living compared to the nationwide average, which is set at 100. The cost of living index for Houghton stands at 88. This means residents in Houghton generally spend about 12% less than the average American on their living expenses. Detailed data show that while housing is 25% cheaper, groceries, utilities, and transportation costs are slightly below the national average. Healthcare costs are on par with the nationwide standard.
This balanced cost of living makes Houghton an attractive option for those seeking affordability without sacrificing essential services. Professionals may find this lower expense level beneficial, allowing for a higher standard of living with the same income.
Houghton, Michigan, offers a cost of living that is notably lower than the nationwide average, which is set at 100. One of the most significant differences is in housing, where the cost of living index stands at 75. This means residents can expect to pay only 75% of the nationwide average for housing expenses, making it considerably more affordable. Additionally, the transportation index is 90, indicating that costs for commuting and vehicle maintenance are 10% lower than the national average.
While some areas like groceries and miscellaneous goods show costs closer to the national average, with indices of 95 and 85 respectively, other categories like utilities at 87 and healthcare at 100, remain close to or match the average. This blend of lower and comparable costs presents a balanced living experience for those considering Houghton, Michigan, as a place to live and work.
