Thinking of Moving to Michigan?
If you’re considering a move to Michigan — or you’re a first-time homebuyer here — one big question might be: “Is Michigan expensive to live in?”
The short answer? Compared to much of the country, Michigan is still a very affordable place to live. Yay!
Let’s break down what makes it budget-friendly (and what to watch for) so you can confidently plan your move or purchase.
️ Home Prices in Michigan vs. the U.S. Average
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U.S. median home price (2024): ~$420,000
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Michigan median home price (2024): ~$270,000
That’s ~35% lower than the national average. First-time buyers especially benefit from Michigan’s relatively modest home values.
Bonus: Property taxes in Michigan are middle-of-the-road — not the highest in the U.S., but not the lowest either.
Utility Costs
Michigan has cold winters, so heating is a factor — but otherwise utilities are average:
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Heating (natural gas): $60–$130/mo
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Electricity: $80–$120/mo
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Water/Sewer: $40–$80/mo
Good insulation and energy-efficient homes can help lower these.
Transportation Costs
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Gas prices in Michigan hover slightly below the national average.
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Insurance rates, however, are above average, especially in metro areas like Detroit.
Live in a smaller town? You’ll likely pay less in both gas and insurance.
Groceries and Everyday Expenses
Grocery costs are in line with the national average, with more savings in suburban and rural areas.
Dining out, entertainment, and other lifestyle costs vary — but overall, Michigan offers great value for the money.
Health Insurance and Medical Care
Health insurance premiums are comparable to national averages, but costs can vary based on your plan and location. Michigan has many nonprofit hospital systems and solid access to care.
The Verdict: Is Michigan Expensive?
No — Michigan is actually one of the more affordable states to own a home in.
Housing is the biggest factor in cost of living, and Michigan scores big there.
Want to see how it fits your monthly budget?
Ready to have a conversation?
Whether you’re buying your first, 2nd, or 10th home, moving to Michigan, or refinancing, we’ll help you explore your options. Schedule an intro call or meeting Or call: 616-465-5725, email: hello@jpalmortgage.com
Need more convincing? That’s OK. Check out our Google reviews for real stories from clients we’ve helped.
Buying Your First Home in Michigan?
You’ve got questions. We’ve got answers — and real guidance to help you feel confident from pre-qualification to closing day.
JPAL Mortgage is proudly based in Michigan, where its two owners were born and raised! We love this state and have traveled it far and wide. It’s a passion of ours to help make a smooth landing here in Michigan!
JPAL Mortgage – Your best friend in home finance.
All loans require complete underwriting approval, including satisfactory appraisal and clear title work. Interest rates and closing costs are subject to change. NMLS ID #2189752 | Equal Housing Opportunity