Beverly Hills, MI Cost Of Living
Cost Of Living In Beverly Hills, MI Summary
Cost of living in Beverly Hills research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beverly Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beverly Hills is 128, with 100 being the average.
The cost of living index in Beverly Hills is 1.3x higher than the national average.
Beverly Hills ranks as the #178 cheapest in Michigan out of 180.
Beverly Hills ranks as the #4,889 cheapest out of 6,489 in the US.
The median home value in Beverly Hills is $560,719.
The median income in Beverly Hills is $175,460.
Table Of Contents
Beverly Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Beverly Hills, MI?
According to the most recent data on the cost of living, Beverly Hills has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Michigan, Beverly Hills has a cost of living index that's 1.4x higher than Michigan's index of 90.
The standard of living in Beverly Hills ranks as #178 most affordable out of the 180 places we measured in Michigan. By definition, that implies Beverly Hills ranks as the #2 most expensive place in the Wolverine State.
For more reading on life in Beverly Hills, check out:
In Michigan
In America
Beverly Hills Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Beverly Hills. Here is how it fairs on each of the criteria:
The Services index in Beverly Hills is 103.
The Groceries index in Beverly Hills is 104.
The Health index in Beverly Hills is 101.
The Housing index in Beverly Hills is 188.
The Transportation index in Beverly Hills is 101.
The Utilities index in Beverly Hills is 95.
| Living Expense | Beverly Hills | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 128 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 101 | 91 | 100 | |
| Housing | 188 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Beverly Hills, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Beverly Hills is $560,719.
The Median Rent in Beverly Hills is $2,208.
The Median Income in Beverly Hills is $175,460.
The Home Value To Income in Beverly Hills is 3.2x.
The Rent To Monthly Income in Beverly Hills is 0.15x.
| Statistic | Beverly Hills | Michigan | United States |
|---|---|---|---|
| Median Home Value | $560,719 | $258,642 | $303,400 |
| Median Rent | $2,208 | $1,084 | $1,348 |
| Median Income | $175,460 | $71,149 | $78,538 |
| Home Value To Income | 3.2x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Beverly Hills, MI Costs By Category
Detailed Beverly Hills Services Costs Vs. Michigan
| Item | Beverly Hills | Michigan |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $12.33 | $18 |
| Haircut | $16.8 | $24.26 |
| Beauty Salon | $24.78 | $45.56 |
Detailed Beverly Hills Groceries Costs Vs. Michigan
| Item | Beverly Hills | Michigan |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.8 | $4.93 |
| Pizza | $8.99 | $12.09 |
| Beer | $9.04 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Beverly Hills Health Costs Vs. Michigan
| Item | Beverly Hills | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Beverly Hills Transportation Costs Vs. Michigan
| Item | Beverly Hills | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Beverly Hills Utilities Costs Vs. Michigan
| Item | Beverly Hills | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Beverly Hills SnackAbility
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Cost Of Living In Cities Around Beverly Hills
The cost of living varies in the cities and towns around Beverly Hills. Here's a quick look at the cost of living in the most populous nearby places:
Troy, MI has a cost of living index of 120, 0.9x Beverly Hills.
Rochester Hills, MI has a cost of living index of 118, 0.9x Beverly Hills.
Southfield, MI has a cost of living index of 101, 0.8x Beverly Hills.
| City | Population | Cost Of Living | Vs. Beverly Hills |
|---|---|---|---|
| Troy, MI | 87,307 | 120 | 0.9x |
| Rochester Hills, MI | 76,086 | 118 | 0.9x |
| Southfield, MI | 76,025 | 101 | 0.8x |
| Novi, MI | 66,224 | 118 | 0.9x |
| Royal Oak, MI | 57,880 | 107 | 0.8x |
| Birmingham, MI | 21,612 | 149 | 1.2x |
| Berkley, MI | 15,084 | 108 | 0.8x |
| Clawson, MI | 11,314 | 99 | 0.8x |
| Plymouth, MI | 9,234 | 119 | 0.9x |
| Huntington Woods, MI | 6,322 | 135 | 1.1x |
