Cost Of Living in Buena Vista, MI

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Buena Vista	Michigan	National
Cost of living	83	89	100
Goods & Services	102	93	100
Groceries	103	99	100
Health care	102	93	100
Housing	42	74	100
Transportation	100	97	100
Utilities	94	101	100

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Cost Of Living Quick Facts

The cost of living in Buena Vista is 7% lower than the Michigan average
The cost of living in Buena Vista is 17% lower than the national average
Buena Vista housing is 58% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 64% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$41,917	$3,493	$978	$1,258
Renters	$21,367	$1,781	$499	$641

The affordability of the housing market in Buena Vista, MI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Buena Vista homeowners, the median income is $41,917. This indicates that a monthly maximum of $978 should be spent by homeowners on all housing related costs. Renters have a median income of $21,367. This indicates that renters would have a maximum of $499 for their rent related monthly costs.

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

Goods & Services

Item	Buena Vista	National avg.	Difference
Haircut	$16.80	$24.26	30.8%
Beauty Salon	$24.78	$45.56	45.6%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.13	$1.28	11.8%
Movie	$12.99	$12.13	7.1%
Bowling	$12.33	$18.00	31.5%

Groceries

Item	Buena Vista	National avg.	Difference
Ground Beef	$5.75	$5.84	1.5%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.78	$4.67	2.3%
Potatoes	$4.80	$4.93	2.8%
Pizza	$8.99	$12.09	25.6%
Beer	$9.04	$10.41	13.2%

Health Care

Item	Buena Vista	National avg.	Difference
Optometrist	$85.00	$125.68	32.4%
Doctor	$103.33	$135.78	23.9%
Dentist	$91.00	$113.29	19.7%
Ibuprofen	$10.22	$10.65	4.1%
Lipitor	$490.11	$468.60	4.6%

Housing

Item	Buena Vista	National avg.	Difference
Home Price	$39,200.00	$184,700.00	78.8%
Avg. Mortgage Payment	$1,709.07	$2,346.69	27.2%
Apartment Rent	$848.00	$949.00	10.6%

Transportation

Item	Buena Vista	National avg.	Difference
Gasoline	$3.35	$3.46	3.1%
Tire Balancing	$56.00	$59.92	6.5%

Utilities

Item	Buena Vista	National avg.	Difference
All Electricity	$219.20	$193.99	13.0%
Phone	$184.44	$192.25	4.1%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Robin Glen-Indiantown, MI	710	81	18.5%
Saginaw, MI	48,407	82	17.8%
Bay City, MI	32,892	84	15.8%
Bridgeport, MI	6,208	84	15.5%
St. Charles, MI	2,101	86	14.1%
Buena Vista, MI	6,401	83	17.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Kathleen, FL	6,402	90	9.9%
Galax, VA	6,402	84	16.0%
North Fort Lewis, WA	6,402	141	40.6%
Hampstead, MD	6,403	109	8.6%
Millersville, TN	6,403	99	0.7%
Buena Vista, MI	6,401	83	17.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Buena Vista, MI