![]() Michigan also has plenty of places to visit where you can spend hundreds or thousands of dollars, depending on what you do and how long you stay. If you love history, check out the car-free and history-filled Mackinac Island State Park, no tickets are required. Or, there’s the Detroit Institute of Art, with tickets for $14.Īre you an outdoor enthusiast? You can visit the Grand Island National Recreation Area via ferry for $20 a round trip. If you’re more of an art-lover, you can check out the Frederik Meijer Gardens and Sculpture Park, where admission is $14.50 for adults. According to Statista data, the average ticket price for the Detroit Tigers baseball team is $28.15. What about the cost of non-necessities in Michigan? There’s a range of options for you to pick from in the entertainment category. Gas taxes in Michigan are high, at 27.20 cents per gallon. That means sales taxes are the same across the Great Lakes State. The state has a base sales tax rate of 6%, with no county or local sales taxes added on. Michigan’s average property tax rate is 1.54%. Michiganders pay the 38th-highest property taxes in the country, by average property tax rate. This ranges from 5.25% in most of the states to 6.65% in Detroit. However, cities add their own taxes on top of that rate. Taxes in MichiganĬurious about what your tax bill will look like if you live in Michigan? The state has a flat income tax rate of 4.25%. The price for non-residents of Michigan increases the tuition to $55,334 and $59,212, respectively. Undergraduate tuition and fees at University of Michigan, for example, is $16,736 per year (underclassman) for Michigan residents and $18,836 (juniors and seniors) for non-Michigan residents. The University of Michigan offers a great education for a great price to Michiganders. There are many colleges and universities throughout the state of Michigan that can provide an excellent education, though the prices vary quite widely. In fact, Michigan’s $1,385 average is $30 less than the national average of $1,415. ![]() The Agency for Healthcare Research and Quality’s review of the average employee contribution for single coverage healthcare at private companies shows a similar pattern. A study by the Health Care Cost Institute places the median healthcare price in Kalamazoo at 2% below the national median. Healthcare CostsĪs an overall statement, Michigan’s healthcare prices appear to be slightly lower than the rest of the U.S. If you love to eat out, you’ll need to adjust your food budget accordingly. data recommends minimum monthly food spending on food of $303.17 in Detroit and $272.72 in Lansing. That works out to 13%, which is right around the national average.Ĭities within the state differ, though. Food CostsĪccording to the Living Wage Calculator from MIT, single adults in Michigan spend $3,058 of their $23,490 annual living wage on food. The total utility cost averages out to be $410.72 per month in Michigan, and the state falls right in the middle of the pack in the U.S. Which is good enough to rank 12th in the U.S. Energy Information Administration (EIA) report from puts the average monthly energy bill in Michigan at $143,41, which is substantially more than it was a few years ago. Detroit is largely to blame for this disparity, as rent for a two-bedroom in the Motor City goes for $1,500 a month. That comes in less than the $1,295 national mark. The median monthly rent for a two-bedroom apartment in Michigan is $757. It is extraordinarily cheap to rent in Michigan. average, whether you go with a studio, a three-bedroom apartment or anything in between. ![]() The good news is that rent in Michigan is below the U.S. Not ready to make a down payment? You’ll have to rent while you save up or until you decide whether you’re ready to settle down. The median home value in Ann Arbor is almost 10x that at $416,498. While the state’s median home value is $236,000, Detroit’s is a minuscule $85,000. There are also certain markets throughout Michigan that have extremely varied median home values. In Ann Arbor, the rate falls even further to 41.5%, but Ann Arbor is a college town. In Detroit, just 47.2% of residents own a home. In two of the state’s largest cities, though, this trend evaporates. ![]() According to NeighborhoodScout, nearly 70% of Michigan residents own a home, which places it in the upper echelon of the U.S.
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