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There are some parts of the country where your dollar goes further. For example, a steak dinner in Detroit costs a lot less than a steak dinner in San Francisco.
And the cost of living can have a big impact on how far your hard earned salary stretches for you and your family. So if you have a choice in where you can live for your job, the cost of living can play a big part.
That’s where Zippia comes in; to show you the places that would eat up a big part of your paycheck on expenses — the San Franciscos of the world if you will. Where housing is expensive and day care will put you back a pretty penny.
These are the places in Michigan where the cost of living is actually higher than the national average because, for the most part, Michigan isn’t all that expensive.
After we crunched all the numbers, we were left with this set of the most expensive places to raise a family in the Wolverine State:
Read on to see how we determined the places that try to keep up with the Joneses a little too much.
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
You can then compare the cost of these things in each of the places in Michigan to figure out which is the most expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States. And lucky for us, Sperling’s Best Places has such an index for us.
So we used that cost of living index in order to rank all of the 85 places in Michigan that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 120 means it’s 20% more expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
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