According to the most recent data on the cost of living, Michigan City has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.
Compared to only Indiana, Michigan City has a cost of living index that's 1.0x lower than Indiana's index of 89.
The standard of living in Michigan City ranks as #1324 most affordable out of the 6522 places we measured in Indiana. By definition, that implies Michigan City ranks as the #5083 most expensive place in the Hoosier State.
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Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.