Retirement Homes in Michigan

According to our records, the state of Michigan has at least 5,433 senior living providers, which include 153 retirement homes. With costs of retirement homes in Michigan typically ranging between $412 and $4,317 monthly, the average annual cost runs around $21,120. The monthly national average cost is about $1,925.

The metropolitan area of Midland generally has the highest retirement home expenses in Michigan, with prices ranging between $1,568 per month and $3,046 per month and a median annual cost of about $28,793. The lowest retirement home prices in the state are in and around the Jackson area, where they range between $578 and $2,203 per month. Here, the median yearly cost runs around $16,170.

The SeniorScore™ for Michigan is 72. With a total population of about 9,883,612, the state ranks as the eighth largest state in the country. Among this population, approximately 31% are 55 years of age or older. The average life expectancy is approximately 78.2 years.

The per capita income in Michigan is around $25,537. The mean household income is $64,538, with a median income of about $51,500. The state has an average overall cost of living and a current unemployment rate of about 12.6%.

Average temperatures in Michigan generally range between 36.1 and 55.5 degrees Fahrenheit. Overall, it has a cold climate, with a mean annual temperature of approximately 46.3 degrees.

For more information on the SeniorScore™ for Michigan, please visit https://www.senioradvice.com/seniorscore/senior-living-in-michigan.

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