Cost Of Living in Jasper, 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	Jasper	Michigan	National
Cost of living	90	89	100
Goods & Services	105	93	100
Groceries	99	99	100
Health care	86	93	100
Housing	66	74	100
Transportation	100	97	100
Utilities	94	101	100

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Cost Of Living Quick Facts

The cost of living in Jasper is 1% higher than the Michigan average
The cost of living in Jasper is 10% lower than the national average
Jasper housing is 34% 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	$55,417	$4,618	$1,293	$1,663
Renters	$60,909	$5,076	$1,421	$1,827

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	Jasper	National avg.	Difference
Haircut	$23.45	$24.26	3.3%
Beauty Salon	$39.83	$45.56	12.6%
Toothpaste	$3.75	$3.70	1.3%
Shampoo	$1.21	$1.28	5.5%
Movie	$11.62	$12.13	4.2%
Bowling	$11.78	$18.00	34.6%

Groceries

Item	Jasper	National avg.	Difference
Ground Beef	$6.28	$5.84	7.5%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.55	$4.67	2.5%
Potatoes	$4.83	$4.93	2.1%
Pizza	$11.74	$12.09	2.9%
Beer	$10.79	$10.41	3.6%

Health Care

Item	Jasper	National avg.	Difference
Optometrist	$82.43	$125.68	34.4%
Doctor	$123.67	$135.78	8.9%
Dentist	$92.00	$113.29	18.8%
Ibuprofen	$10.24	$10.65	3.9%
Lipitor	$421.83	$468.60	10.0%

Housing

Item	Jasper	National avg.	Difference
Home Price	$93,800.00	$184,700.00	49.2%
Avg. Mortgage Payment	$1,797.82	$2,346.69	23.4%
Apartment Rent	$950.00	$949.00	0.1%

Transportation

Item	Jasper	National avg.	Difference
Gasoline	$3.38	$3.46	2.3%
Tire Balancing	$64.21	$59.92	7.2%

Utilities

Item	Jasper	National avg.	Difference
All Electricity	$180.12	$193.99	7.2%
Phone	$184.90	$192.25	3.8%

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.
Tedrow, OH	209	82	17.5%
Fayette, OH	1,271	84	15.5%
Morenci, MI	1,932	85	15.0%
Clayton, MI	267	86	14.3%
Adrian, MI	20,550	87	13.2%
Jasper, MI	344	90	10.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Belk, AL	344	76	23.9%
Pottawattamie Park, IN	344	91	9.2%
Buffalo, KS	344	72	28.3%
Lodge Pole, MT	344	81	18.7%
Freedom, OK	344	82	18.3%
Jasper, MI	344	90	10.0%

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 Jasper, MI