Saginaw Cost of Living

Saginaw County is one of the least expensive areas in the U.S., according to Forbes Magazine. Compared to the rest of the country, Saginaw County's cost of living is 25.25% Lower than the U.S. average.

In 2008, Saginaw County ranked 34th out of 83 counties in Michigan for per capita personal income (PCPI). The 2008 PCPI reflected an increase of 3.3% from 2007. The 2007-2008 state change was 2.2% and the national change was 4.0%.

In 1998 the PCPI of Saginaw was $23,176 and ranked 30th in the state. The 1998-2008 average annual growth rate of PCPI was 2.7%.

The average annual growth rate for the state was 2.7% and for the nation was 4.0%. As shown in the chart above, Saginaw’s personal per capita income has generally been consistent.

In 2008 Saginaw County had a Total Personal Income (TPI) of $6,054,484*, which is made up of net earnings (dividends, interest and rent) and personal current transfer receipts by place of residence.

The 2008 Saginaw County TPI ranked 11th in state and accounted for 1.7% of the state total, according to the Bureau of Economic Analysis.

Saginaw County residents also enjoy favorable buying power for their dollars, essentially the Great Lakes Bay Region is an affordable place to live and work.

*Note: Total Personal Income estimates are in thousands of dollars, not adjusted for inflation.