Is it cheaper to live in Ohio or Michigan? (2024)

Is it cheaper to live in Ohio or Michigan?

Cost of Living

Is Michigan a cheap state to live in?

The cost of living in Michigan is 3% lower than the national average. Housing is 13% lower than the national average, while utilities are 0% . When it comes to basic necessities such as food and clothing, groceries are around 1% higher than in the rest of the country, while clothing costs 1% higher.

Is the cost of living cheaper in Ohio?

The cost of living in Ohio is lower than both the US and Midwest average (C2ER COLI). Plus, Ohio Ranks No. 3 in Moody's Housing Affordability Index, which measures the combination of higher median income and lower housing price (2022, Q3).

How much does it cost to move from Ohio to Michigan?

The cost to move from Ohio to Michigan averages from $375 to $5,036 depending on how much you're moving, your move date, and whether you hire a company or do the move yourself.

What is the cost of living in Detroit vs Cleveland?

Cost of Living Comparison Between Detroit, MI and Cleveland, OH. You would need around 5,543.6$ in Cleveland, OH to maintain the same standard of life that you can have with 5,200.0$ in Detroit, MI (assuming you rent in both cities).

Is it better to live in Michigan or Ohio?

Cost of Living

Michigan is more affordable compared to Ohio. Michigan ranks as the seventh state with the lowest cost of living in the country while Ohio ranks fifteenth. Home values are comparable between Michigan and Ohio. The median home value in Michigan is $176,000, while the median home value is $153,000 in Ohio.

Why is Michigan so cheap to live in?

One reason is that the state has a shrinking population. Michigan lost population from 2000 to 2010, and the problem is getting worse, not better. This decline in population has led to a decrease in demand for housing and land. Another reason why land is so cheap in Michigan is that the state has a lot of vacant land.

What is a livable salary in Ohio?

As of Nov 24, 2023, the average annual pay for a Livable in Ohio is $52,952 a year. Just in case you need a simple salary calculator, that works out to be approximately $25.46 an hour. This is the equivalent of $1,018/week or $4,412/month.

Where in Ohio is it cheapest to live?

How much do you need to live comfortably in Ohio?

The ranking lists Ohio 18th and found single people are required to have an income of $50,157 to live comfortably in the Buckeye State. According to Ohio Realtors, the average sales price for a home across Ohio in July reached $287,695, a 5.4% increase from the $272,833 mark posted in 2022.

What are the benefits of moving to Michigan?

What are the benefits of moving to Ohio?

Is it a good idea to move to Michigan?

Is Michigan a good place to live? All told, Michigan is a great place to live for those that love the outdoors, friendly locals, affordable housing and low cost of living. However, the brutal winters are not to be trifled with and can drive you up the wall.

Why are homes cheap in Cleveland Ohio?

A low supply and high demand often push home prices up, while an increased supply and low demand will result in lower home values. Currently, there is a low supply of houses in Cleveland, which means that sellers can benefit from the competition between buyers.

What city has the best cost of living?

Is it cheaper to live in Columbus or Cleveland?

The Cost Of Living In Cleveland vs. Columbus. Cleveland is a more affordable place to live than Columbus. Cleveland has a Cost of Living Index of (COLI) 27.7% lower than the national average, whereas Columbus is only 13.6% lower than the national average.

Are taxes higher in Ohio or Michigan?

Ohio's rate of 9.8 percent for state and local taxes on average is close to the rates in the neighboring states - Michigan (9.4 percent), Indiana (9.5 percent), Kentucky (9.5 percent), West Virginia (9.8 percent) and Pennsylvania (10.2 percent).

Why are Ohio roads better than Michigan?

The myth has more to do with why Ohio's roads are better. It's not a lack of know-how, it's a lack of investment. For the past 50 years, Michigan has ranked in the lowest 10 states in the country for investment in roads.

Who is the favorite Michigan or Ohio State?

What salary is needed to live comfortably in Michigan?

According to a story by Purdue University and go banking rates you need to make $96,000 a year in Michigan to live comfortably. While the national income median falls more than $30,000 below that number. The median in Genesee County is even lower at about $50,000 annually.

How much do I need to make to live comfortably in Michigan?

Michiganders would need a minimum income of $50,049 to live comfortably. That income will be harder to stretch if you live in downtown Detroit, where Apartments.com says the average rent is $1,047 a month.

What is the average rent in Michigan?

On a whole, Michigan's rent is up 15.71% when comparing 2020 to 2021. The state's average was $1,194 for a one bedroom. Michigan is in the middle of the pack among its Midwest neighbors.

Is 30 an hour good in Ohio?

30$ An Hour Salary in Ohio. $261,400 is the 25th percentile. Salaries below this are outliers. $356,000 is the 75th percentile.

What is considered a good paying job in Ohio?

Jobs in Ohio range from manufacturing and logistics to finance and insurance, but the highest paying are mostly in the medical field. Ophthalmologists have the top-paying Ohio job, followed by dermatologists and orthodontists.

What is considered middle class in Ohio?

The Pew Research Center has calculated the minimum annual income in each state considered middle class while supporting a family of four. In Ohio, you need to be making $61,664 to be considered middle class. Neighboring states have a similar amount necessary to be considered middle class.