Colorado vs Michigan: taxes, cost of living, laws

Colorado

Moderate tax burden · COL index 110

Wins 5 categories

Michigan

Moderate tax burden · COL index 88

Wins 9 categories

Cost of living in Colorado (index 110) runs 25% higher than Michigan (index 88). Property taxes are meaningfully different: Michigan averages 1.32% annually vs Colorado's 0.48%. The median home in Colorado costs $545K vs $250K in Michigan. Politically, Michigan voted Republican in 2024 (R+2.0) while Colorado went Democratic (D+11.0).

Colorado

Michigan

Taxes

4.4%

Income Tax (top rate)

4.25%

0.48%/yr

Property Tax Rate

1.32%/yr

7.76%

Sales Tax (avg)

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

As income

Housing & Cost of Living

110

COL Index (100=avg)

$545K

Median Home Price

$250K

$1,850/mo

Median Rent (2BR/mo)

$1,150/mo

$3K/yr

Home Insurance (avg/yr)

$1K/yr

Crime & Safety

453

Violent Crime / 100K

445

2,859

Property Crime / 100K

1,670

337

Sex Offenders / 100K

405

314

Homeless / 100K

Healthcare

#9 of 50

Healthcare Quality Rank

#25 of 50

78.8 yrs

Life Expectancy

75.7 yrs

7.4%

Uninsured Rate

5.9%

Yes

Medicaid Expansion

Yes

Education

#9 of 50

K-12 Quality Rank

#38 of 50

School Choice / Vouchers

Childcare

$1,600/mo

Avg Infant Care / mo

$1,300/mo

Utilities & Daily Costs

$130/mo

Avg Energy Bill / mo

$140/mo

$530/mo

Avg Groceries / mo

$460/mo

#30 of 50

Road Quality Rank

#47 of 50

Social Policy

A-

Gun Laws Grade

C+

D+11.0

2024 Presidential Margin

R+2.0

Category wins

Colorado

Michigan

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