Spring Lake, MI, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Spring Lake stands at 88, which is 12% below the national average of 100. This reduction is primarily driven by the housing index, which is 20% lower than the national average.
While groceries and utilities in Spring Lake are slightly above the national average, the transportation and miscellaneous categories contribute to the overall lower cost. Job seekers considering Spring Lake can expect to save a notable amount on housing expenses, making it a potentially attractive option for those looking to balance cost with quality of life.
The cost of living in Spring Lake, MI, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Spring Lake are notably lower, with an index of 80. This means residents spend 20% less on housing compared to the national average. Lower housing costs can make living in Spring Lake more affordable for many families and individuals.
In addition to housing, other expenses in Spring Lake also compare well to the national average. Groceries, for example, have an index of 90, indicating a 10% savings on food costs. Utilities are slightly higher, with an index of 95, meaning residents pay 5% more for utilities. Transportation costs are at 85, which is 15% lower than the average. Healthcare costs remain the same as the national average, with an index of 100. Miscellaneous expenses, with an index of 92, show a modest 8% savings. Overall, the cost of living in Spring Lake offers a balanced mix of lower and comparable expenses, making it an attractive option for those seeking a more affordable lifestyle.
