Lansing, MI Cost Of Living
Cost Of Living In Lansing, MI Summary
Cost of living in Lansing 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 Lansing 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 Lansing is 85, with 100 being the average.
The cost of living index in Lansing is 0.8x lower than the national average.
Lansing ranks as the #46 cheapest in Michigan out of 175.
Lansing ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Lansing is $95,400.
The median income in Lansing is $46,570.
Table Of Contents
Lansing's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lansing, MI?
According to the most recent data on the cost of living, Lansing has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Lansing has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Lansing ranks as #46 most affordable out of the 175 places we measured in Michigan. By definition, that implies Lansing ranks as the #129 most expensive place in the Wolverine State.
For more reading on life in Lansing, check out:
- Living In Lansing
- Lansing Crime Report
- Search Homes For Sale In Lansing, MI
In Michigan
In America
Lansing Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Lansing. Here is how it fairs on each of the criteria:
The Services index in Lansing is 99.
The Groceries index in Lansing is 87.
The Health index in Lansing is 94.
The Housing index in Lansing is 54.
The Transportation index in Lansing is 108.
The Utilities index in Lansing is 99.
| Living Expense | Lansing | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 54 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 99 | 100 | 100 | |
Lansing, 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 Lansing is $95,400.
The Median Rent in Lansing is $889.
The Median Income in Lansing is $46,570.
The Home Value To Income in Lansing is 2.0x.
The Rent To Monthly Income in Lansing is 0.23x.
| Statistic | Lansing | Michigan | United States |
|---|---|---|---|
| Median Home Value | $95,400 | $172,100 | $244,900 |
| Median Rent | $889 | $946 | $1,163 |
| Median Income | $46,570 | $63,202 | $69,021 |
| Home Value To Income | 2.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lansing, MI Costs By Category
Detailed Lansing Services Costs Vs. Michigan
Detailed Lansing Groceries Costs Vs. Michigan
Detailed Lansing Health Costs Vs. Michigan
Detailed Lansing Transportation Costs Vs. Michigan
Detailed Lansing Utilities Costs Vs. Michigan
Lansing SnackAbility
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Cost Of Living In Cities Around Lansing
The cost of living varies in the cities and towns around Lansing. Here's a quick look at the cost of living in the most populous nearby places:
East Lansing, MI has a cost of living index of 95, 1.1x Lansing.
Holt, MI has a cost of living index of 86, 1.0x Lansing.
Okemos, MI has a cost of living index of 101, 1.2x Lansing.
| City | Population | Cost Of Living | Vs. Lansing |
|---|---|---|---|
| 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 |
| Grand Ledge, MI | 7,792 | 87 | 1.0x |
| St. Johns, MI | 7,700 | 90 | 1.1x |
| Eaton Rapids, MI | 5,211 | 78 | 0.9x |
