2024 Toyota Camry Cost in Michigan
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$54,881
Monthly Equivalent
$915
Sales Tax
6%
Annual Insurance
$2,878
Complete Cost Breakdown
Total Cost of Ownership
$54,881
Over 5 years in Michigan
Monthly Equivalent
$915/mo
12,000 miles/year
Purchase Price
$28,855
Sales Tax
$1,731
6% in Michigan
Registration
$650
5 years
Insurance
$14,390
$2,878/year
Fuel
$6,845
$1,369/year
Maintenance
$2,410
$482/year avg
Estimated Depreciation
$14,716
Your 2024 Toyota Camry will lose approximately $14,716 in value over 5 years
Vehicle Type
Sedan
Fuel Economy
32 MPG combined
Reliability Rating
4.5/5.0
Michigan Vehicle Costs
Sales Tax Rate
6%
State: 6% + Local: 0%
Avg Insurance
$2,878
Ranked #1 of 50 states
Registration Fee
$130
Per year (average)
Gas Price
$3.65
Per gallon
Frequently Asked Questions
What is the total cost of owning a 2024 Toyota Camry in Michigan?
The total 5-year ownership cost is approximately $54,881, which includes the purchase price ($28,855), sales tax (6%), insurance (avg $2,878/year), fuel, maintenance, and registration fees.
How much is insurance for a Camry in Michigan?
The average annual insurance cost in Michigan is $2,878. For this Camry, the estimated annual insurance is $2,878, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Michigan?
In Michigan, the average annual vehicle registration fee is $130. This may vary based on the vehicle's age, weight, and value.
Is a Camry expensive to maintain?
The 2024 Toyota Camry has a 5-year maintenance cost of approximately $2,410, with a reliability rating of 4.5/5.0, making it very reliable.
Customize Your Calculation
Calculate Ownership Cost
MSRP: $28,855 • Sedan
Sales Tax: 6% • Insurance Avg: $2,878/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year