Cost of Living in Nessen City, MI
Population: 115 | Michigan
Nessen City is 18% less expensive than the national average.
Cost of Living in Nessen City, MI: What You Need to Know
With a cost of living index of 82, Nessen City, MI is a very affordable place to live. Living here is 18% cheaper than the national average and 4% above the Michigan state average of 78. Nessen City is a small community of 115 residents.
The median household income in Nessen City is $59,375, which is 21% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Traverse City, MI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
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
- $59,375
- vs US Median ($75,149)
- -21%
Housing
- Median Home Value
- $122,500
- Median Monthly Housing Cost
- $638/mo
Everyday Prices in Nessen City
BLS Average Prices for the Traverse City, MI (Metropolitan Statistical Area) area