The cost of living index in Stevensville, MI, shows a generally lower cost compared to the nationwide average of 100. Housing costs are 15% lower, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are slightly below or close to the national average. This makes Stevensville a potentially more affordable place to live for those looking to relocate.
The cost of living in Stevensville, MI, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Stevensville are notably lower, with an index of 85. This means residents spend 15% less on housing compared to the national average. Lower housing costs can make Stevensville an attractive option for those looking to save on one of the largest expenses.
In other areas, Stevensville also maintains a competitive edge. Groceries, utilities, and transportation each have indices of 95, 90, and 87, respectively. This indicates that these costs are slightly below the national average. For instance, groceries cost 5% less, utilities are 10% less, and transportation costs are 13% less. Healthcare costs are also slightly lower, with an index of 92, meaning they are 8% less than the national average. Overall, Stevensville offers a balance of affordability and convenience, making it a practical choice for many.
