Grand Ledge, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Grand Ledge, MI Summary

Cost of living in Grand Ledge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Grand Ledge is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Grand Ledge is 87, with 100 being the average.

  • The cost of living index in Grand Ledge is 0.9x lower than the national average.

  • Grand Ledge ranks as the #57 cheapest in Michigan out of 175.

  • Grand Ledge ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Grand Ledge is $161,300.

  • The median income in Grand Ledge is $65,368.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Grand Ledge's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Grand Ledge, MI?

According to the most recent data on the cost of living, Grand Ledge has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.

Compared to Michigan, Grand Ledge has a cost of living index that's 0.9x lower than Michigan's index of 92.

The standard of living in Grand Ledge ranks as #57 most affordable out of the 175 places we measured in Michigan. By definition, that implies Grand Ledge ranks as the #118 most expensive place in the Wolverine State.

For more reading on life in Grand Ledge, check out:

57 out of 175
In Michigan
1,101 out of 6,412
In America

Grand Ledge Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Grand Ledge. Here is how it fairs on each of the criteria:

  • The Services index in Grand Ledge is 99.

  • The Groceries index in Grand Ledge is 90.

  • The Health index in Grand Ledge is 93.

  • The Housing index in Grand Ledge is 70.

  • The Transportation index in Grand Ledge is 105.

  • The Utilities index in Grand Ledge is 100.

Living Expense Grand Ledge Michigan National Average
Overall 87 92 100
Services 99 96 100
Groceries 90 96 100
Health 93 94 100
Housing 70 80 100
Transportation 105 97 100
Utilities 100 100 100
For more reading on cost of living around Michigan, check out:
Grand Ledge Cost of Living Vs. MI

Grand Ledge, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Grand Ledge is $161,300.

  • The Median Rent in Grand Ledge is $847.

  • The Median Income in Grand Ledge is $65,368.

  • The Home Value To Income in Grand Ledge is 2.5x.

  • The Rent To Monthly Income in Grand Ledge is 0.16x.

Statistic Grand Ledge Michigan United States
Median Home Value $161,300 $172,100 $244,900
Median Rent $847 $946 $1,163
Median Income $65,368 $63,202 $69,021
Home Value To Income 2.5x 2.7x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x
Search Homes For Sale In Grand Ledge, MI
$161,300
Median Home Value
$847
Median Rent
$65,368
Median Income

Grand Ledge, MI Costs By Category

Detailed Grand Ledge Services Costs Vs. Michigan

Item Grand Ledge Michigan
Shampoo $0.89 $1.06
Movie $11.37 $10.68
Bowling $16.78 $14.67
Haircut $20.22 $18.62
Beauty Salon $32.55 $39.05

Detailed Grand Ledge Groceries Costs Vs. Michigan

Item Grand Ledge Michigan
Ground Beef $4.5 $4.22
Fried Chicken $1.12 $1.39
Milk $1.59 $2.05
Potatoes $2.75 $3.29
Pizza $10.16 $10.62
Beer $8.21 $9.38
Toothpaste $1.98 $2.34

Detailed Grand Ledge Health Costs Vs. Michigan

Item Grand Ledge Michigan
Optometrist $105.11 $108.57
Doctor $98.0 $116.17
Dentist $94.78 $99.13

Detailed Grand Ledge Transportation Costs Vs. Michigan

Item Grand Ledge Michigan
Gasoline $2.23 $2.22
Tire Balancing $60.0 $50.07

Detailed Grand Ledge Utilities Costs Vs. Michigan

Item Grand Ledge Michigan
All Electricity $170.23 $167.67
Phone $181.0 $175.64

Grand Ledge SnackAbility

8.5
/10
Overall SnackAbility
Jobs
7/10
Housing
7
Affordability
8.5
Diversity
4
Safety
8.5
Amenities
8.5
Education
8.5
Commute
8.5

Cost Of Living In Cities Around Grand Ledge

The cost of living varies in the cities and towns around Grand Ledge. Here's a quick look at the cost of living in the most populous nearby places:

  • Lansing, MI has a cost of living index of 85, 1.0x Grand Ledge.

  • East Lansing, MI has a cost of living index of 95, 1.1x Grand Ledge.

  • Holt, MI has a cost of living index of 86, 1.0x Grand Ledge.

City Population Cost Of Living Vs. Grand Ledge
Lansing, MI 113,592 85 1.0x
East Lansing, MI 47,427 95 1.1x
Holt, MI 25,755 86 1.0x
Okemos, MI 25,179 101 1.2x
Waverly, MI 23,328 94 1.1x
Haslett, MI 19,333 93 1.1x
Charlotte, MI 9,224 83 1.0x
Mason, MI 8,307 85 1.0x
St. Johns, MI 7,700 90 1.0x
Eaton Rapids, MI 5,211 78 0.9x

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