Cost of Living in Loomis, MI
Population: 221 | Michigan
Loomis is 20% less expensive than the national average.
Cost of Living in Loomis, MI: What You Need to Know
With a cost of living index of 80, Loomis, MI is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Michigan state average. Loomis is a small community of 221 residents.
The median household income in Loomis is $65,000, which is 14% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $65,000
- vs US Median ($75,149)
- -14%
Housing
- Median Home Value
- $87,500
- Median Monthly Housing Cost
- $1,052/mo