Cost of Living in Hastings, MI

Population 7,515 · Michigan · Data vintage 2023

55
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hastings is a smaller Michigan community of around 8000 residents, where median household incomes of $56,309 and housing costs ($159,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Hastings is about 30 miles southeast of Grand Rapids, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 29% lower than Grand Rapids' $226,000.

Cost Overview

Housing 52
Rent 60

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hastings

The median home value in Hastings is $159,000 — 48% below the national median of $305,000. Median rent runs $785/month, 40% lower than the national median of $1,314/month. The median household income of $56,309/year is 24% lower than the US median of $74,580. The local unemployment rate is 5.6%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 58.2°F and lows of 40.5°F, with about 77.6" of annual snowfall. Overall, Hastings has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.

🏠 Housing

Median Home Value
$159,000
48% below avg
Zillow Home Value
$229,628
Zillow ZHVI
Median Rent
$785/mo
40% below avg
Price-to-Rent Ratio
16.9x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 72.8%
Renter-occupied 27.2%

💰 Estimated Monthly Budget

Rent median rent
$785
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,399/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.7 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.2%

Commute Mode

Drove alone
73.9%
Carpooled
7.9%
Walked
3.1%
Work from home
11.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$56,309
24% below avg
Per Capita Income
$35,122
Unemployment Rate
5.6%
16% above avg
Poverty Rate
8.7%
Labor Force Participation
55.7%

🎓 Education

Bachelor's degree+ 18.4%
Graduate degree 8.4%

👥 Demographics

Median Age 41.7
Male median age 38.2
Female median age 45.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.2°F
Avg Low
40.5°F
Annual Precip
39.4"
Annual Snowfall
77.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 313445587079838174614736
Low °F 192027374958636153423325
Precip" 2.522.122.393.994.003.943.863.553.434.023.102.48
Snow" 22.617.27.62.00.00.00.00.00.00.37.120.8

🏫 Schools

NCES CCD 2019 — public school district data

74%
4-Year Graduation Rate
19.5:1
Student-teacher ratio
7
Public schools
2,571
Total enrollment

Frequently Asked Questions

What is the cost of living in Hastings, MI?

Hastings has a cost index of 55 (100 = national average). It is 45% below the national average.

What is average rent in Hastings, MI?

The median gross rent in Hastings is $785 per month based on 2023 Census data.

What is the average home price in Hastings?

The median home value in Hastings is $159,000 according to Zillow and Census data.

What is the median income in Hastings?

The median household income in Hastings is $56,309 per year (2023 ACS 5-year estimates).

What is the sales tax in Hastings, MI?

The combined state and local sales tax rate in Hastings is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Hastings, MI affordable?

Yes, Hastings is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.

What is the weather like in Hastings?

Hastings has average high temperatures of 58.2°F and average lows of 40.5°F. Annual precipitation is 39.4". Average annual snowfall is 77.6". Data from NOAA 1991–2020 Climate Normals.

Hastings at a Glance

Population
7,515
Median Income
$56,309
Home Value
$159,000
Median Rent
$785/mo
Unemployment
5.6%
Avg High Temp
58.2°F
Sales Tax
6.0%
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Explore county-level cost of living data

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