Discretionary Income in Lansing, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lansing, MI is ranked 63rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lansing, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$3,324
Discretionary Income
$3,467
With a gross annual salary of $100,000 in Lansing, MI, you would need to deduct approximately $1,543 per month for taxes. Given that the average cost of living in Lansing is $3,324, you would have around $3,467 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lansing, MI, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Lansing, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lansing, MI |
|---|---|
| $30,000 | -$1,074 |
| $40,000 | -$376 |
| $50,000 | $322 |
| $60,000 | $1,008 |
| $70,000 | $1,623 |
| $80,000 | $2,237 |
| $90,000 | $2,852 |
| $100,000 | $3,467 |
| $110,000 | $4,080 |
| $120,000 | $4,678 |
| $130,000 | $5,276 |
| $140,000 | $5,874 |
| $150,000 | $6,472 |
| $175,000 | $7,966 |
| $200,000 | $9,434 |
| $250,000 | $12,078 |
| $300,000 | $14,609 |
| $350,000 | $17,141 |
| $400,000 | $19,672 |
| $450,000 | $22,203 |
| $500,000 | $24,734 |
Discretionary Income in Lansing, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lansing, MI is ranked 79th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lansing, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$2,211
Discretionary Income
$4,580
With a gross annual salary of $100,000 in Lansing, MI, a single person would need to deduct approximately $1,543 per month for taxes. Considering the average cost of living in Lansing is $2,211, singles would have around $4,580 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lansing, MI, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Lansing, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lansing, MI |
|---|---|
| $30,000 | $40 |
| $40,000 | $738 |
| $50,000 | $1,436 |
| $60,000 | $2,122 |
| $70,000 | $2,736 |
| $80,000 | $3,351 |
| $90,000 | $3,966 |
| $100,000 | $4,580 |
| $110,000 | $5,194 |
| $120,000 | $5,791 |
| $130,000 | $6,389 |
| $140,000 | $6,987 |
| $150,000 | $7,585 |
| $175,000 | $9,080 |
| $200,000 | $10,548 |
| $250,000 | $13,192 |
| $300,000 | $15,723 |
| $350,000 | $18,254 |
| $400,000 | $20,786 |
| $450,000 | $23,317 |
| $500,000 | $25,848 |
Discretionary Income in Lansing, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lansing, MI is ranked 56th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lansing, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$3,258
Discretionary Income
$3,532
With a gross annual salary of $100,000 in Lansing, MI, a couple would need to deduct approximately $1,543 per month for taxes. Considering the average cost of living in Lansing is $3,258, couples would have around $3,532 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lansing, MI, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Lansing, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lansing, MI |
|---|---|
| $30,000 | -$1,008 |
| $40,000 | -$310 |
| $50,000 | $388 |
| $60,000 | $1,074 |
| $70,000 | $1,689 |
| $80,000 | $2,303 |
| $90,000 | $2,918 |
| $100,000 | $3,532 |
| $110,000 | $4,146 |
| $120,000 | $4,744 |
| $130,000 | $5,342 |
| $140,000 | $5,940 |
| $150,000 | $6,537 |
| $175,000 | $8,032 |
| $200,000 | $9,500 |
| $250,000 | $12,144 |
| $300,000 | $14,675 |
| $350,000 | $17,207 |
| $400,000 | $19,672 |
| $450,000 | $22,120 |
| $500,000 | $24,568 |
Discretionary Income in Lansing, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lansing, MI is ranked 73rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lansing, MI
Gross Salary
$8,333
Taxes
$1,281
Cost of Living
$3,251
Discretionary Income
$3,801
With a gross annual salary of $100,000 in Lansing, MI, a single parent would need to deduct approximately $1,281 per month for taxes. Considering the average cost of living in Lansing is $3,251, single parents would have around $3,801 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lansing, MI, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Lansing, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lansing, MI |
|---|---|
| $30,000 | -$934 |
| $40,000 | -$225 |
| $50,000 | $473 |
| $60,000 | $1,171 |
| $70,000 | $1,869 |
| $80,000 | $2,567 |
| $90,000 | $3,187 |
| $100,000 | $3,801 |
| $110,000 | $4,416 |
| $120,000 | $5,024 |
| $130,000 | $5,622 |
| $140,000 | $6,220 |
| $150,000 | $6,818 |
| $175,000 | $8,313 |
| $200,000 | $9,807 |
| $250,000 | $12,483 |
| $300,000 | $15,019 |
| $350,000 | $17,551 |
| $400,000 | $20,082 |
| $450,000 | $22,613 |
| $500,000 | $25,144 |
Discretionary Income in Lansing, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lansing, MI is ranked 62nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lansing, MI
Gross Salary
$8,333
Taxes
$1,041
Cost of Living
$4,577
Discretionary Income
$2,716
With a gross annual salary of $100,000 in Lansing, MI, a family would need to deduct approximately $1,041 per month for taxes. Considering the average cost of living in Lansing is $4,577, families would have around $2,716 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lansing, MI, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Lansing, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lansing, MI |
|---|---|
| $30,000 | -$2,202 |
| $40,000 | -$1,488 |
| $50,000 | -$774 |
| $60,000 | -$76 |
| $70,000 | $622 |
| $80,000 | $1,320 |
| $90,000 | $2,018 |
| $100,000 | $2,716 |
| $110,000 | $3,414 |
| $120,000 | $4,088 |
| $130,000 | $4,702 |
| $140,000 | $5,317 |
| $150,000 | $5,932 |
| $175,000 | $7,468 |
| $200,000 | $9,005 |
| $250,000 | $12,025 |
| $300,000 | $15,014 |
| $350,000 | $18,004 |
| $400,000 | $20,940 |
| $450,000 | $23,596 |
| $500,000 | $26,228 |