Cost of Living in Ramsay, MI
Population: 182 | Michigan
Ramsay is 23% less expensive than the national average.
Cost of Living in Ramsay, MI: What You Need to Know
With a cost of living index of 77, Ramsay, MI is a very affordable place to live. Living here is 23% cheaper than the national average and in line with the Michigan state average. Ramsay is a small community of 182 residents.
The median household income in Ramsay is $56,250, which is 25% 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
- $56,250
- vs US Median ($75,149)
- -25%
Housing
- Median Home Value
- $50,000
- Median Monthly Housing Cost
- $445/mo