Bay City, Michigan

Cost of living in Bay City, Michigan

  • Cost of living compared to USAthe lowest
  • Cost of living compared to Michiganlow
  • Median household incomethe lowest

Is it expensive to live in Bay City, Michigan? When calculating the cost of living in Bay City, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Bay City, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Bay City is $38,014 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Bay City, Michigan

The sales tax rate in Bay City, Michigan is 6.0%. Last year, the average property taxes paid was 1.9% Bay City, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Bay City, Michigan

  • The average cost of a single-family home compared to USAlow
  • The average cost of a single-family home compared to Michiganthe lowest

In Bay City, Michigan, 68.0% of the population owns their homes, while approximately 32.0% rent. The average cost of a single-family home in Bay City, Michigan in 2022 is $159,011 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $690 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$690the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$882the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,154the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,280the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest