Retirement Lists

Midland, Michigan

The Tridge pedestrian bridge in Midland, Michigan, spanning the Chippewa and Tittabawassee river confluence.

Planning a monthly budget

A local monthly estimate of $2,872 gives you the starting point, with transportation taking the largest share.

Housing
$828
Utilities (in rent)
$245
Food
$472/mo
Transportation
$1,077/mo
Healthcare
$495

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$4,063

Good

Cost of Living for Couple
$4,399

Very Good

Typical 1BR Rent
$828

Excellent

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Typical 2BR Rent
$1,077

Very Good

Dining Out
$241/mo

Excellent

Need for a Car
Required
Property Taxes
High
Overall Feel
Good
Residents 65+ Below Poverty Level
9.1%
65+ Householder — Renter Occupied
25.6%
65+ Households With High Housing Costs
27.5%
Median Household Income, Householder 65+
$60,199

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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