Spring Lake, MI, offers a cost of living that is slightly lower than the nationwide average. Based on the latest data, the cost of living index for Spring Lake stands at 93, which is 7% below the nationwide average of 100. This lower index suggests that residents may find housing and other expenses more affordable compared to the national average.
Specifically, housing costs in Spring Lake are 13% below the national average, while grocery prices are just 5% below. Utilities, transportation, and miscellaneous costs also hover around 3% below the national figures. Healthcare costs remain on par with the national average, which may provide some balance to the overall lower cost of living. Job seekers considering Spring Lake can anticipate a generally more affordable living situation.
Spring Lake, MI, offers a cost of living that compares favorably to the national average. Specifically, the housing index in Spring Lake stands at 87, which means it costs about 13% less than the national average. This makes housing more affordable for residents and job seekers considering relocation to this area.
When examining other expenses, the cost of groceries in Spring Lake is slightly lower than the national average, with an index of 95, indicating a 5% savings. Utilities in Spring Lake are just about average, with an index of 97, which is just 3% above the national standard. Transportation costs in Spring Lake are slightly lower at an index of 90, meaning they are 10% less than the national average. Healthcare costs align exactly with the national average, with an index of 100, offering no significant cost difference. Miscellaneous expenses also mirror the national average, with an index of 92, showing a modest 8% difference. Overall, these indices suggest that Spring Lake, MI, provides a balanced and potentially more affordable living experience for many essential costs.
