Regional Price Parity, all items
96.2
2024 · BEA Regional Price Parities
Housing price parity (rents)
82.3
2024 · BEA Regional Price Parities
Utilities price parity
100.2
2024 · BEA Regional Price Parities
Goods price parity
96
2024 · BEA Regional Price Parities
Healthcare index
94
Regular gasoline price
$4.11 per gallon
Week of 2026-10-05 · U.S. EIA weekly retail price
Cost of living index
92.1
U.S. avg = 100
Housing cost index
79
Historical data
Pick an indicator to see its long-run evolution.
Cost of living index
2000–202492.1▼ 5%
MERIC composite index, U.S. average = 100.
Cost of Living Index
Composite cost index.
Regional Price Parity, all items
96.2
2024 · BEA Regional Price Parities
Rank
9th cheapest
Trend
Stable
Regional Price Parity, all items
2008–202496.2▲ 0%
BEA Regional Price Parities (SARPP line 1).
| Indicator | Michigan | U.S. |
|---|---|---|
| Regional Price Parity, all items2024, BEA Regional Price Parities | 96.2 | 100 |
- •Michigan's cost of living is about 8% below the U.S. average, one of the lowest among the ten largest states.
Housing Costs
Housing component of the index.
Housing price parity (rents)
82.3
2024 · BEA Regional Price Parities
Median rent
$1,080
Median home value
$237,000
Housing price parity (rents)
2008–202482.3▼ 6%
BEA Regional Price Parities, housing (SARPP line 3).
| Indicator | Michigan | U.S. |
|---|---|---|
| Housing price parity (rents)2024, BEA Regional Price Parities | 82.3 | 100 |
- •Housing is Michigan's biggest cost advantage: about 21% cheaper than the national average.
Utility Costs
Energy and utility spending.
Utilities price parity
100.2
2024 · BEA Regional Price Parities
Electricity price per kWh (Detroit–Warren–Dearborn)
$0.183 per kWh
2022 · BLS Average Price Data
Avg. electricity bill
$118 /mo
Winter heating
Mostly natural gas
Utilities price parity
2008–2024100.2▲ 5%
BEA Regional Price Parities, utilities (SARPP line 4).
Electricity price per kWh (Detroit–Warren–Dearborn)
1979–2022$0.183▲ 227%
BLS Average Price Data, annual average (APUS23B72610).
| Indicator | Michigan | U.S. |
|---|---|---|
| Utilities price parity2024, BEA Regional Price Parities | 100.2 | 100 |
- •More than 75% of Michigan homes heat with natural gas, one of the highest shares in the country.
Food Costs
Grocery spending.
Goods price parity
96
2024 · BEA Regional Price Parities
Monthly grocery spend
$410 /person
Trend
Below the U.S. average
Goods price parity
2008–202496▲ 1%
BEA Regional Price Parities, goods (SARPP line 2).
| Indicator | Michigan | U.S. |
|---|---|---|
| Goods price parity2024, BEA Regional Price Parities | 96 | 100 |
- •Michigan grows more tart cherries than any other state, supplying roughly 75% of U.S. production.
Healthcare Costs
Medical spending.
Healthcare index
94
Avg. annual premium
$7,300
Doctor visit
$115
| Indicator | Michigan | U.S. |
|---|---|---|
| Healthcare cost index | 94 | 100 |
- •Metro Detroit has historically had some of the cheapest employer health premiums among large U.S. metros thanks to union-negotiated auto plans.
Transportation Costs
Cost of getting around.
Regular gasoline price
$4.11 per gallon
Week of 2026-10-05 · U.S. EIA weekly retail price
Avg. auto insurance
$2,400 /yr
Regular gasoline price
1993–2025$2.94▲ 183%
U.S. EIA weekly retail price, all formulations, Midwest region (PADD 2), annual average (EMM_EPMR_PTE_R20_DPG).
| Indicator | Michigan | U.S. |
|---|---|---|
| Regular gasoline priceWeek of 2026-10-05, U.S. EIA weekly retail price | $4.11 per gallon | $4.35 per gallon |
- •Michigan long had the most expensive car insurance in the country; a 2019 no-fault reform cut premiums but they remain above average.
More figures
Utilities index
102
Food & groceries index
95
Healthcare index
94
Transportation index
101
Avg. electricity bill
$118 /mo