Prices and comparisons for the whole range of expenses: food, housing, going out, etc. States with the Highest Cost of Living. The average price a residential customer in the United States pays for electricity is 13.31 cents per kWh.. What’s my current electric rate? - Overall, Grand Rapids, Michigan is 12.3% cheaper than Tampa, Florida. The cost of living in Michigan is remarkably low. Compare cost of living in Vero Beach with factors like salaries, housing expenses, groceries, utilities and more. Cost of Living > Compare Countries > United States vs Bahamas. Full version ), 1 min. Comparison Highlights. Weather 8. Beaches 9. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Updated on Dec 2020. Cost of Living Indexes. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. Education 7. Full cost of living comparison of Orlando, Florida vs Detroit, Michigan. © 2009-2021 Expatistan.com. Health care quality 5. Florida cost of living is 102.8 The absence of a state income tax may give the state of Florida an advantage over other states, but only for high income earners. - Median Home Cost is the biggest factor in the cost of living difference. Prepaid mobile tariff (no discounts or plans), Mobile version Cost of Nursing Homes vs Assisted Living. Cost of Living Indexes. Economy 3. Housing in Detroit, Michigan (United States) is 22% cheaper than in Miami, Florida (United States) Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area $1,757 Florida Reports More Than 12K New COVID-19 Cases, 101 Deaths Florida officials are reporting 12,075 new cases of coronavirus raising the state’s total to nearly 1.3 million. Similarly, according to a National Center for Assisted Living report, the median cost for assisted living in the United States is about $4,000 per month or $48,000 annually. Vero Beach, Florida’s cost of living is 2% lower than the national average. While it may not be as warm as other states in the top 10, Indiana still has a lot to offer retirees. Home; Cost of Living; Cost of living is a measure of the people's purchasing power in a specific location. These prices were last updated on January 01, 2021. Full version How these numbers are calculated. - Median Home Cost is the biggest factor in the cost of living difference. Spending estimates were adjusted to the state level by multiplying each cost category by its corresponding cost of living index score in each state, sourced from the Missouri Economic Research and Information Center’s 2020 Q1 cost of living index data. 1. 05-06-2009, 06:39 AM - Median Home Cost is 24% cheaper in Grand Rapids. Compare the Cost of Living in Florida against another US State. This means that the cost of living in Hawaii is 92.9% higher than the U.S. average. Meanwhile, the population of Florida is ~18.8 million people (8.9 million fewer people live in Michigan). Cost of living in Florida vs. Massachusetts. Crime rates 6. - Median Home Cost is 356% more expensive in Orlando. Resident happiness 10. Cost of Living. Hawaii’s housing index is 318.6, where a two-bedroom costs about $1,895 per month and the median home value is about $660,000. You’ll have access to excellent educational opportunities that carry this advantage, including Central Michigan University, the University of Michigan, and Michigan … Cost of living in Michigan (US) compared to Illinois (US). The Cost of Living in Florida, the Bottom-line Moving to Florida if you’re well off financially with a high income. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Basic lunchtime menu (including a drink) in the business district in, Monthly rent - 45 m2 furnished studio in expensive area in. Cheap housing, low monthly housing costs, and a favorable cost of living push Indiana ahead of its neighbors. A cost of living index above 100 means Florida, Florida is more expensive. The price you pay for electricity depends on numerous factors including (but not limited to) your location, time of year, consumption, and market changes/disruptions. City in United States: When it comes to deciding which state to call home or to locate your small business, cost of living is a major factor to consider. Cost of living in Virginia vs. California. The sunshine state has no income tax, which drives down the cost of living, and many businesses offer senior discounts. The cost of assisted living nationally averages $132 per day, $4,000 per month and $48,000 annually. - Overall, Orlando, Florida is 18.8% more expensive than Detroit, Michigan. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. This calculation uses our Cost of … An amount below 100 means Florida is cheaper than the US average. It’s about 17% cheaper to live in Michigan than it is on average in the United States. Comparison Highlights. With 20.5% of residents in Florida retired, senior communities are abundant with comfortable homes and many activities. These prices were last updated on January 01, 2021. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Basic lunchtime menu (including a drink) in the business district in, Monthly rent - 45 m2 furnished studio in expensive area in. Cost of Living Comparison Between United States and Bahamas . The average electricity rate is 13.19 cents per kilowatt hour (kWh).. It can be used to compare the affordability of one location versus another, such as between states. We aggregate prices users like you enter, creating a reliable and consistent data set of prices. Unfortunately, there is no official cost of living comparison between st… Michigan is ranked number 12 out of all states in overall healthcare access and affordability. Cost of living in Michigan vs. Illinois. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Median Home Cost: $135,400 Medicare Advantage Monthly Cost: $48.04 Cost Of Living: $46,838. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. Full cost of living comparison of Orlando, Florida vs Grand Rapids. Cost of living 2. It’s no secret many people retire to Florida for the year-round warm weather, which helps lessen arthritis pain. Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) For example, to keep the same standard of living that would require, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Cost of Living Comparison Between Detroit, MI and Tampa, FL You would need around 4,944.97$ in Tampa, FL to maintain the same standard of life that you can have with 4,500.00 $ in Detroit, MI (assuming you rent in both cities). With the average annual costs of nursing home care being between $89,297 – $100,375 it appears that assisted living typically averages about half of the cost of assisted living options. © 2009-2021 Expatistan.com. For major cities in those countries you get more relevant data by specifying cities. Use this cost of living calculator to compare the cost of living between U.S. cities and determine if you will be able to maintain your current standard of living in another city You probably should avoid "state vs state" threads if you can't add any more insight than "Miami is better than Detroit, therefore Florida is better than Michigan." We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. ), 1 min. Our cost of living indices are based on a US average of 100. Taxes 4. Updated on Jul 2020. $1,891. You would need around 5,725.10$ in Miami, FL to maintain the same standard of life that you can have with 4,500.00 $ in Detroit, MI (assuming you rent in both cities). Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Housing in Tampa, Florida (United States) is 12% more expensive than in Detroit, Michigan (United States) Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. Mobile version Natural disasters Healthcare costs make up a significant part of the cost of living.The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. This assumes net earnings (after income tax). According to Genworth Financial, the average cost of assisted living in 2018 was $4,000 per month. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Cost of living is a term that describes the amount of money necessary to maintain a certain level of living, inclusive of essential expenses such as accommodation, food, clothing, health care, and taxes. Red States vs. Blue States State & Local Tax Breakdown All effective tax rates shown below were calculated as a percentage of the mean third quintile U.S. income of $60,602 and based on the characteristics of the Median U.S. Household*. Michigan is about 1.8 times bigger than Florida.. Florida is approximately 139,670 sq km, while Michigan is approximately 250,493 sq km, making Michigan 79% larger than Florida. The state with the highest cost of living index is Hawaii, whose index is 192.9. This calculation uses our Cost of Living Plus Rent Index to compare cost of living.