Saginaw, MI Cost Of Living
Cost Of Living In Saginaw, MI Summary
Cost of living in Saginaw 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 Saginaw 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 Saginaw is 85, with 100 being the average.
The cost of living index in Saginaw is 0.8x lower than the national average.
Saginaw ranks as the #46 cheapest in Michigan out of 175.
Saginaw ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Saginaw is $43,900.
The median income in Saginaw is $32,241.
Table Of Contents
Saginaw's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Saginaw, MI?
According to the most recent data on the cost of living, Saginaw has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Saginaw has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Saginaw ranks as #46 most affordable out of the 175 places we measured in Michigan. By definition, that implies Saginaw ranks as the #129 most expensive place in the Wolverine State.
For more reading on life in Saginaw, check out:
- Living In Saginaw
- Saginaw Crime Report
- Search Homes For Sale In Saginaw, MI
In Michigan
In America
Saginaw Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Saginaw. Here is how it fairs on each of the criteria:
The Services index in Saginaw is 109.
The Groceries index in Saginaw is 98.
The Health index in Saginaw is 97.
The Housing index in Saginaw is 36.
The Transportation index in Saginaw is 107.
The Utilities index in Saginaw is 94.
| Living Expense | Saginaw | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 36 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Saginaw, 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 Saginaw is $43,900.
The Median Rent in Saginaw is $793.
The Median Income in Saginaw is $32,241.
The Home Value To Income in Saginaw is 1.4x.
The Rent To Monthly Income in Saginaw is 0.3x.
| Statistic | Saginaw | Michigan | United States |
|---|---|---|---|
| Median Home Value | $43,900 | $172,100 | $244,900 |
| Median Rent | $793 | $946 | $1,163 |
| Median Income | $32,241 | $63,202 | $69,021 |
| Home Value To Income | 1.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Saginaw, MI Costs By Category
Detailed Saginaw Services Costs Vs. Michigan
Detailed Saginaw Groceries Costs Vs. Michigan
Detailed Saginaw Health Costs Vs. Michigan
Detailed Saginaw Transportation Costs Vs. Michigan
Detailed Saginaw Utilities Costs Vs. Michigan
Saginaw SnackAbility
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Cost Of Living In Cities Around Saginaw
The cost of living varies in the cities and towns around Saginaw. Here's a quick look at the cost of living in the most populous nearby places:
Midland, MI has a cost of living index of 93, 1.1x Saginaw.
Shields, MI has a cost of living index of 87, 1.0x Saginaw.
Freeland, MI has a cost of living index of 97, 1.1x Saginaw.
| City | Population | Cost Of Living | Vs. Saginaw |
|---|---|---|---|
| Midland, MI | 42,425 | 93 | 1.1x |
| Shields, MI | 7,506 | 87 | 1.0x |
| Freeland, MI | 7,427 | 97 | 1.1x |
| Bridgeport, MI | 6,484 | 86 | 1.0x |
| Buena Vista, MI | 5,878 | 85 | 1.0x |
| Frankenmuth, MI | 5,045 | 97 | 1.1x |
