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2024 BEA RPP All 4 categories Federal source

Lansing-East Lansing, MI

Cost-of-living indicators for Lansing-East Lansing, MI, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 29620 · Data year: 2024 · Rank: #168 of 387

Lansing-East Lansing, MI has a cost of living index of 95.0, meaning it's 5.0% less expensive than the national average. Goods cost 6.3% less, services 4.5% less, and rents are 16.5% below average. A $100K national salary has the purchasing power of $105,273 here.

What the Numbers Mean for Lansing

Lansing ranks #168 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the upper half by cost. With an overall Regional Price Parity of 95.0, Lansing-East Lansing, MI is 5.0% less expensive than the national baseline of 100. The gap between Lansing's most and least expensive categories — the priciest line item versus rents at 83.5 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $105,273 inside Lansing, while a household needs roughly $94,991 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 83.5 — 16.5% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Lansing's overall index has fallen by 3.3 points, improving relative affordability. For the 2024 data year, goods are indexed at 93.7 and services at 95.5, meaning everyday spending in Lansing is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Lansing Cost Index at a Glance

Lansing all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10095

Lansing category breakdown

BEA RPP composition by goods, services, rents, overall

Rents83.472Services95.519Goods93.711Overall94.991

Price Index Summary

Overall

95.0

-5.0 below avg

Goods

93.7

-6.3 below avg

Services

95.5

-4.5 below avg

Rents

83.5

-16.5 below avg

Price Index vs National Average (100)

Overall
National avg

Index 95.0 (-5.0 vs national avg)

Goods
National avg

Index 93.7 (-6.3 vs national avg)

Services
National avg

Index 95.5 (-4.5 vs national avg)

Rents
National avg

Index 83.5 (-16.5 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -16.5% (83.5)
Goods -6.3% (93.7)
Overall -5.0% (95.0)
Services -4.5% (95.5)

Income Adequacy in Lansing

Lansing income adequacy score

$75,000 median income vs RPP 95.0

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$94,991

in Lansing-East Lansing, MI purchasing power

$50,000 nationally
$47,496
$75,000 nationally
$71,243
$125,000 nationally
$118,739
$150,000 nationally
$142,487
$200,000 nationally
$189,982

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 3.3 points over this period.

Year Overall
2008 98.3
2009 97.1
2010 97.9
2011 95.0
2012 95.7
2013 96.5
2014 96.1
2015 93.2
2016 94.7
2017 93.9
2018 94.3
2019 94.7
2020 93.8
2021 94.2
2022 94.0
2023 93.0
2024 95.0

Metros with Similar Cost of Living

These metros have an overall RPP closest to Lansing-East Lansing, MI's index of 95.0.

Related Data for Lansing

Frequently Asked Questions

What is the cost of living in Lansing-East Lansing, MI?
Lansing-East Lansing, MI has a Regional Price Parity (RPP) index of 95.0, meaning it is 5.0% less expensive than the national average. Goods are indexed at 93.7, services at 95.5, and rents at 83.5. It ranks #168 out of 387 U.S. metro areas by overall cost.
What salary do I need in Lansing-East Lansing, MI to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $94,991 in Lansing-East Lansing, MI. Conversely, $100K earned in Lansing-East Lansing, MI has the purchasing power of $105,273 at the national average.
How expensive is rent in Lansing-East Lansing, MI?
Rents in Lansing-East Lansing, MI are indexed at 83.5, which is 16.5% below the national average. This makes the area relatively affordable for renters.
Is Lansing-East Lansing, MI getting more expensive?
From 2008 to 2024, Lansing-East Lansing, MI's overall cost index changed by -3.3 points (from 98.3 to 95.0). The cost of living has been declining.
What metros have a similar cost of living to Lansing-East Lansing, MI?
Metros with the most similar overall cost index include Bloomington, St. Louis, Harrisonburg. These areas have RPP values within a few points of Lansing-East Lansing, MI's 95.0.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page