Quick answer
Prices in Michigan were 3.8% below the US average in 2024 (Regional Price Parity 96.2, US = 100), with a housing-rent index of 82.3, per the U.S. Bureau of Economic Analysis.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities (2024)
| Category | Price index (US = 100) |
|---|---|
| All items | 96.217 |
| Goods | 95.993 |
| Housing (rents) | 82.332 |
| Utilities | 100.150 |
| Other services | 100.933 |
| — All items by year — | |
| 2024 | 96.217 |
| 2023 | 94.296 |
| 2022 | 93.589 |
| 2021 | 94.281 |
| 2020 | 94.431 |
| 2019 | 95.359 |
Related
- Cost of living: Miami, FL vs Virginia Beach, VA (2024)
- Cost of living: Washington, DC vs Miami, FL (2024)
- Cost of living in Miami-Fort Lauderdale-West Palm Beach, FL vs US average (2024)
- Cost of living in Michigan City-La Porte, IN vs US average (2024)
- Cost of living in Midland, MI vs US average (2024)
- Cost of living in Midland, TX vs US average (2024)
- Cost of living in Milwaukee-Waukesha, WI vs US average (2024)
- Cost of living: Minneapolis, MN vs Milwaukee, WI (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.