Three Rivers, MI Cost Of Living

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

Cost Of Living In Three Rivers, MI Summary

Cost of living in Three Rivers 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 Three Rivers 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 Three Rivers is 78, with 100 being the average.

  • The cost of living index in Three Rivers is 0.8x lower than the national average.

  • Three Rivers ranks as the #7 cheapest in Michigan out of 175.

  • Three Rivers ranks as the #113 cheapest out of 6,412 in the US.

  • The median home value in Three Rivers is $87,100.

  • The median income in Three Rivers is $45,327.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
78
Three Rivers's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Three Rivers, MI?

According to the most recent data on the cost of living, Three Rivers has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.

Compared to Michigan, Three Rivers has a cost of living index that's 0.8x lower than Michigan's index of 92.

The standard of living in Three Rivers ranks as #7 most affordable out of the 175 places we measured in Michigan. By definition, that implies Three Rivers ranks as the #168 most expensive place in the Wolverine State.

For more reading on life in Three Rivers, check out:

7 out of 175
In Michigan
113 out of 6,412
In America

Three Rivers Cost Of Living Vs. Michigan

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

  • The Services index in Three Rivers is 87.

  • The Groceries index in Three Rivers is 77.

  • The Health index in Three Rivers is 94.

  • The Housing index in Three Rivers is 51.

  • The Transportation index in Three Rivers is 96.

  • The Utilities index in Three Rivers is 101.

Living Expense Three Rivers Michigan National Average
Overall 78 92 100
Services 87 96 100
Groceries 77 96 100
Health 94 94 100
Housing 51 80 100
Transportation 96 97 100
Utilities 101 100 100
For more reading on cost of living around Michigan, check out:
Three Rivers Cost of Living Vs. MI

Three Rivers, 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 Three Rivers is $87,100.

  • The Median Rent in Three Rivers is $735.

  • The Median Income in Three Rivers is $45,327.

  • The Home Value To Income in Three Rivers is 1.9x.

  • The Rent To Monthly Income in Three Rivers is 0.19x.

Statistic Three Rivers Michigan United States
Median Home Value $87,100 $172,100 $244,900
Median Rent $735 $946 $1,163
Median Income $45,327 $63,202 $69,021
Home Value To Income 1.9x 2.7x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Three Rivers, MI
$87,100
Median Home Value
$735
Median Rent
$45,327
Median Income

Three Rivers, MI Costs By Category

Detailed Three Rivers Services Costs Vs. Michigan

Item Three Rivers Michigan
Shampoo $0.88 $1.06
Movie $8.95 $10.68
Bowling $16.39 $14.67
Haircut $16.14 $18.62
Beauty Salon $19.0 $39.05

Detailed Three Rivers Groceries Costs Vs. Michigan

Item Three Rivers Michigan
Ground Beef $3.83 $4.22
Fried Chicken $1.1 $1.39
Milk $1.5 $2.05
Potatoes $2.73 $3.29
Pizza $9.99 $10.62
Beer $8.21 $9.38
Toothpaste $2.03 $2.34

Detailed Three Rivers Health Costs Vs. Michigan

Item Three Rivers Michigan
Optometrist $63.31 $108.57
Doctor $102.79 $116.17
Dentist $98.94 $99.13

Detailed Three Rivers Transportation Costs Vs. Michigan

Item Three Rivers Michigan
Gasoline $2.02 $2.22
Tire Balancing $54.29 $50.07

Detailed Three Rivers Utilities Costs Vs. Michigan

Item Three Rivers Michigan
All Electricity $167.02 $167.67
Phone $178.81 $175.64

Three Rivers SnackAbility

4
/10
Overall SnackAbility
Jobs
5/10
Housing
4
Affordability
8
Diversity
8
Safety
3
Amenities
8
Education
6
Commute
9

Cost Of Living In Cities Around Three Rivers

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

  • Portage, MI has a cost of living index of 87, 1.1x Three Rivers.

  • Goshen, IN has a cost of living index of 87, 1.1x Three Rivers.

  • Granger, IN has a cost of living index of 105, 1.3x Three Rivers.

City Population Cost Of Living Vs. Three Rivers
Portage, MI 48,767 87 1.1x
Goshen, IN 34,792 87 1.1x
Granger, IN 30,394 105 1.3x
Sturgis, MI 11,067 83 1.1x
Westwood, MI 8,920 83 1.1x
St. Joseph, MI 7,868 91 1.2x
Nappanee, IN 7,132 83 1.1x
Dunlap, IN 7,097 88 1.1x
Marshall, MI 6,832 80 1.0x
Eastwood, MI 6,569 79 1.0x

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