Cost of Living: Michigan City, IN vs New York, NY

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Michigan City, IN versus $4,116/mo in New York, NY. In the model, rent is about 13.34% of gross in Michigan City, IN versus 25.92% in New York, NY, so Michigan City, IN tends to feel more affordable for rent.

Take-home in Michigan City, IN

$4,332/mo

Income level: above

Take-home in New York, NY

$4,116/mo

Income level: below

Rent share (1BR) in Michigan City, IN

13.34%

COLI tier: mid-range

Rent share (1BR) in New York, NY

25.92%

COLI tier: very high-cost

Compare cost of living, rent, housing prices, and salary affordability between Michigan City, IN and New York, NY.

At a glance

Cheaper overall (lower cost-of-living index): Michigan City, IN
Lower rent (median 1BR/2BR): Michigan City, IN
Lower home prices: Michigan City, IN
Higher median household income: New York, NY

Cost of Living Index

Michigan City, IN: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

Michigan City, IN has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.

Median Rent

Michigan City, IN: $870/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $820/mo higher than in Michigan City, IN.

Median Home Price

Michigan City, IN: $129,000 · New York, NY: $751,700

Median home price in New York, NY is $622,700 higher than in Michigan City, IN.

Median Household Income

Michigan City, IN: $52,979 · New York, NY: $79,713

New York, NY has a higher median household income than Michigan City, IN by $26,734.

Michigan City, IN overview · New York, NY overview · Popular comparisons