Ferndale, MI Cost Of Living
Ferndale's Overall Cost Of Living
Lower Than The National Average
In Michigan
In America
What is the cost of living in Ferndale, MI?
According to the most recent data on the cost of living, Ferndale has an overall cost of living index of 94 which is 0.9x lower than the national index of 100.
Compared to only Michigan, Ferndale has a cost of living index that's 1.0x higher than Michigan's index of 91.
The standard of living in Ferndale ranks as #2,290 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Ferndale ranks as the #4,129 most expensive place in the Wolverine State.
Ferndale Cost Of Living Vs. Michigan
| Living Expense | Ferndale | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 108 | 95 | 100 | |
| Groceries | 98 | 90 | 100 | |
| Health | 95 | 96 | 100 | |
| Housing | 72 | 76 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 98 | 103 | 100 | |
Ferndale, 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.
Median Home Value
Median Rent
Median Income
Detailed Ferndale Services Costs Vs. Michigan
Detailed Ferndale Groceries Costs Vs. Michigan
Detailed Ferndale Health Costs Vs. Michigan
Detailed Ferndale Transportation Costs Vs. Michigan
Detailed Ferndale Utilities Costs Vs. Michigan
Ferndale SnackAbility
/10
Cost Of Living In Cities Around Ferndale
| City | Population | Cost Of Living | Vs. Ferndale |
|---|---|---|---|
| Troy, MI | 84,051 | 113 | 1.2x |
| Rochester Hills, MI | 74,340 | 111 | 1.2x |
| Novi, MI | 60,439 | 113 | 1.2x |
| Royal Oak, MI | 59,256 | 101 | 1.1x |
| Madison Heights, MI | 30,000 | 88 | 0.9x |
| Oak Park, MI | 29,446 | 93 | 1.0x |
| Birmingham, MI | 21,272 | 134 | 1.4x |
| Hazel Park, MI | 16,452 | 90 | 1.0x |
| Berkley, MI | 15,352 | 102 | 1.1x |
| Clawson, MI | 11,909 | 99 | 1.1x |
