Data / Cost of living (regional price parity) / Michigan

Cost of living (regional price parity) in Michigan

Cost of living (regional price parity) in Michigan was 96.2 index in 2024, according to the U.S. Bureau of Economic Analysis. That is up 1.9 from 2023. That is the 28th highest of 51 states in 2024.

2024, index96.2
Change on 2023+1.9
Rank28th of 51US states ranked
Series high96.22024
Series low92.72017

Cost of living (regional price parity) in Michigan, 2008 to 2024

CSVChart (SVG)

9293949596972008201120142017202020242008: 95.9 index2009: 96 index2010: 96.2 index2011: 95.2 index2012: 95 index2013: 95.2 index2014: 95.5 index2015: 93.7 index2016: 93.6 index2017: 92.7 index2018: 94.5 index2019: 95.4 index2020: 94.4 index2021: 94.3 index2022: 93.6 index2023: 94.3 index2024: 96.2 index
index. Source: BEA. Retrieved 2026-10-09, published 2026-02-19.
All 17 values
Periodindex
202496.2
202394.3
202293.6
202194.3
202094.4
201995.4
201894.5
201792.7
201693.6
201593.7
201495.5
201395.2
201295
201195.2
201096.2
200996
200895.9

Compared with United States

Place2024
Michigan96.2
United States100

Rankings

Definition

Regional price parity for all items: the average price level of goods and services in a state, including housing rents, as a percentage of the national price level (United States = 100). A value of 110 means prices are 10% above the US average.

Compares price levels across places in the same year; it is not inflation. Each year is benchmarked to that year's national average, so a change over time shows a state moving relative to the US, not prices rising.

How to cite

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). https://apps.bea.gov/regional/zip/SARPP.zip. Retrieved 2026-10-09.

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Questions

What is the cost of living in Michigan?

Cost of living (regional price parity) in Michigan was 96.2 index in 2024, according to the U.S. Bureau of Economic Analysis. That is up 1.9 from 2023. That is the 28th highest of 51 states in 2024.

Where does this figure come from?

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). Retrieved by Invokely on 2026-10-09.

What was the highest cost of living in Michigan?

96.2 index in 2024, the highest value since 2008 in this series.

More statistics for Michigan

All statistics for Michigan