Farmington, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
99
Farmington's Overall Cost Of Living
1.0x
Lower Than The National Average
147 out of 173
In Michigan
3,077 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Farmington is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Farmington, MI?

According to the most recent data on the cost of living, Farmington has an overall cost of living index of 99 which is 1.0x lower than the national index of 100.

Compared to only Michigan, Farmington has a cost of living index that's 1.1x higher than Michigan's index of 89.

The standard of living in Farmington ranks as #3,078 most affordable out of the 6,522 places we measured in Michigan. By definition, that implies Farmington ranks as the #3,329 most expensive place in the Wolverine State.

For more reading on life in Farmington, check out:

Farmington Cost Of Living Vs. Michigan

Living Expense Farmington Michigan National Average
Overall 99 89 100
Services 104 95 100
Groceries 93 88 100
Health 93 94 100
Housing 93 74 100
Transportation 114 106 100
Utilities 94 99 100
For more reading on cost of living around Michigan, check out:
Farmington Cost of Living Vs. MI

Farmington, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$210,000
Median Home Value
$1,053
Median Rent
$76,102
Median Income
Statistic Farmington Michigan United States
Median Home Value $210,000 $154,900 $217,500
Median Rent $1,053 $871 $1,062
Median Income $76,102 $57,144 $62,843
Home Value To Income 2.8x 2.7x 3.5x
Rent To Monthly Income 0.17x 0.18x 0.2x

Detailed Farmington Services Costs Vs. Michigan

Item Farmington Michigan
Shampoo $0.94 $1.01
Movie $11.09 $10.72
Bowling $19.6 $13.86

Detailed Farmington Groceries Costs Vs. Michigan

Item Farmington Michigan
Ground Beef $3.92 $3.9
Fried Chicken $1.12 $1.4
Milk $1.27 $1.96

Detailed Farmington Health Costs Vs. Michigan

Item Farmington Michigan
Haircut $17.38 $17.49
Beauty Salon $52.83 $38.17
Toothpaste $1.97 $2.32

Detailed Farmington Transportation Costs Vs. Michigan

Item Farmington Michigan
Potatoes $3.1 $3.18
Pizza $10.49 $10.39
Beer $8.15 $9.23
Optometrist $83.25 $106.34
Doctor $100.0 $115.25
Dentist $93.78 $98.38

Detailed Farmington Utilities Costs Vs. Michigan

Item Farmington Michigan
Gasoline $2.9 $2.59
Tire Balancing $59.77 $48.9
All Electricity $152.8 $167.6
Phone $175.97 $163.42

Farmington SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8
Diversity
8.5
Safety
8.5
Amenities
9
Education
9.5
Commute
7

Cost Of Living In Cities Around Farmington

City Population Cost Of Living Vs. Farmington
Livonia, MI 94,249 99 1.0x
Troy, MI 83,989 109 1.1x
Farmington Hills, MI 81,214 105 1.1x
Rochester Hills, MI 74,206 110 1.1x
Southfield, MI 73,174 93 0.9x
Novi, MI 60,014 112 1.1x
Royal Oak, MI 59,195 100 1.0x
Birmingham, MI 21,201 133 1.3x
Berkley, MI 15,372 99 1.0x
Clawson, MI 11,971 94 0.9x

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