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Cost of Living Comparison in Michigan 2020

Spending, Expenses and Savings Comparison in Michigan

The average person in Michigan spends around 64% of their income and saves approximatly 36%.
Percentage of Income
Average per month
Monthly Income 8,350 USD
Monthly Spending 64%
5,310 USD
Monthly Savings 36%
3,050 USD
Breakdown of monthly expenses and spending:
Percentage of Income
Average per month
Groceries / Food 8%
650 USD
Rent 21%
1,760 USD
Healthcare 4%
350 USD
Water / Electricity 2%
200 USD
Bank Loans 0%
0 USD
Transport / Vehicle 13%
1,100 USD
Schools / Education 3%
250 USD
Other Expenses 12%
1,000 USD

Marital Status: Married


Cost of living comparison for Married people in Michigan. Comparing monthly spending with monthly money saved.
1
Child
2
Children
Percentage of Income
Average per month
Monthly Income 6,700 USD 10,000 USD
Monthly Spending 52%
3,510 USD
71%
7,100 USD
Monthly Savings 48%
3,190 USD
29%
2,900 USD
Breakdown of monthly expenses and spending:
1
Child
2
Children
Percentage of Income
Average per month
Groceries / Food 4%
300 USD
10%
1,000 USD
Rent 23%
1,510 USD
20%
2,000 USD
Healthcare 4%
300 USD
4%
400 USD
Water / Electricity 3%
200 USD
2%
200 USD
Bank Loans 0%
0 USD
0%
0 USD
Transport / Vehicle 18%
1,200 USD
10%
1,000 USD
Schools / Education 0%
0 USD
5%
500 USD
Other Expenses 0%
0 USD
20%
2,000 USD


Cost of Living Comparison By City


IncomeSpendingSavings
Percentage of income
Average per month
Detroit6,700 USD52%
3,510 USD
-52%
3,190 USD
Livonia10,000 USD71%
7,100 USD
-71%
2,900 USD

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