Beverly Hills, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 123, with 100 being the average.

  • The cost of living index in Beverly Hills is 1.2x higher than the national average.

  • Beverly Hills ranks as the #173 cheapest in Michigan out of 175.

  • Beverly Hills ranks as the #4,954 cheapest out of 6,412 in the US.

  • The median home value in Beverly Hills is $403,100.

  • The median income in Beverly Hills is $148,101.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
123
Beverly Hills's Overall Cost Of Living
1.2x
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 123, which is 1.2x higher than the national index of 100.

Compared to Michigan, Beverly Hills has a cost of living index that's 1.3x higher than Michigan's index of 92.

The standard of living in Beverly Hills ranks as #173 most affordable out of the 175 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:

173 out of 175
In Michigan
4,954 out of 6,412
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 110.

  • The Groceries index in Beverly Hills is 102.

  • The Health index in Beverly Hills is 95.

  • The Housing index in Beverly Hills is 162.

  • The Transportation index in Beverly Hills is 109.

  • The Utilities index in Beverly Hills is 97.

Living Expense Beverly Hills Michigan National Average
Overall 123 92 100
Services 110 96 100
Groceries 102 96 100
Health 95 94 100
Housing 162 80 100
Transportation 109 97 100
Utilities 97 100 100
For more reading on cost of living around Michigan, check out:
Beverly Hills Cost of Living Vs. MI

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 2017-2021. The key points are:

  • The Median Home Value in Beverly Hills is $403,100.

  • The Median Rent in Beverly Hills is $1,432.

  • The Median Income in Beverly Hills is $148,101.

  • The Home Value To Income in Beverly Hills is 2.7x.

  • The Rent To Monthly Income in Beverly Hills is 0.12x.

Statistic Beverly Hills Michigan United States
Median Home Value $403,100 $172,100 $244,900
Median Rent $1,432 $946 $1,163
Median Income $148,101 $63,202 $69,021
Home Value To Income 2.7x 2.7x 3.5x
Rent To Monthly Income 0.12x 0.18x 0.2x
Search Homes For Sale In Beverly Hills, MI
$403,100
Median Home Value
$1,432
Median Rent
$148,101
Median Income

Beverly Hills, MI Costs By Category

Detailed Beverly Hills Services Costs Vs. Michigan

Item Beverly Hills Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05

Detailed Beverly Hills Groceries Costs Vs. Michigan

Item Beverly Hills Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Toothpaste $2.43 $2.34

Detailed Beverly Hills Health Costs Vs. Michigan

Item Beverly Hills Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Beverly Hills Transportation Costs Vs. Michigan

Item Beverly Hills Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Beverly Hills Utilities Costs Vs. Michigan

Item Beverly Hills Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Beverly Hills SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9
Affordability
8.5
Diversity
8
Safety
9
Amenities
8.5
Education
9.5
Commute
8

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 113, 0.9x Beverly Hills.

  • Southfield, MI has a cost of living index of 96, 0.8x Beverly Hills.

  • Rochester Hills, MI has a cost of living index of 111, 0.9x Beverly Hills.

City Population Cost Of Living Vs. Beverly Hills
Troy, MI 86,912 113 0.9x
Southfield, MI 76,196 96 0.8x
Rochester Hills, MI 75,990 111 0.9x
Novi, MI 65,369 113 0.9x
Royal Oak, MI 58,368 101 0.8x
Birmingham, MI 21,728 134 1.1x
Berkley, MI 15,234 102 0.8x
Clawson, MI 11,482 99 0.8x
Plymouth, MI 9,308 109 0.9x
Huntington Woods, MI 6,382 123 1.0x

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