Flat Rock, MI Cost Of Living
Cost Of Living In Flat Rock, MI Summary
Cost of living in Flat Rock 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 Flat Rock 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 Flat Rock is 98, with 100 being the average.
The cost of living index in Flat Rock is 1.0x lower than the national average.
Flat Rock ranks as the #125 cheapest in Michigan out of 180.
Flat Rock ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in Flat Rock is $256,579.
The median income in Flat Rock is $73,288.
Table Of Contents
Flat Rock's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Flat Rock, MI?
According to the most recent data on the cost of living, Flat Rock has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Michigan, Flat Rock has a cost of living index that's 1.1x higher than Michigan's index of 90.
The standard of living in Flat Rock ranks as #125 most affordable out of the 180 places we measured in Michigan. By definition, that implies Flat Rock ranks as the #55 most expensive place in the Wolverine State.
For more reading on life in Flat Rock, check out:
In Michigan
In America
Flat Rock Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Flat Rock. Here is how it fairs on each of the criteria:
The Services index in Flat Rock is 102.
The Groceries index in Flat Rock is 102.
The Health index in Flat Rock is 104.
The Housing index in Flat Rock is 83.
The Transportation index in Flat Rock is 99.
The Utilities index in Flat Rock is 95.
| Living Expense | Flat Rock | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 98 | 90 | 100 | |
| Services | 102 | 93 | 100 | |
| Groceries | 102 | 97 | 100 | |
| Health | 104 | 91 | 100 | |
| Housing | 83 | 72 | 100 | |
| Transportation | 99 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Flat Rock, 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 Flat Rock is $256,579.
The Median Rent in Flat Rock is $1,006.
The Median Income in Flat Rock is $73,288.
The Home Value To Income in Flat Rock is 3.5x.
The Rent To Monthly Income in Flat Rock is 0.16x.
Median Home Value
Median Rent
Median Income
Flat Rock, MI Costs By Category
Detailed Flat Rock Services Costs Vs. Michigan
Detailed Flat Rock Groceries Costs Vs. Michigan
Detailed Flat Rock Health Costs Vs. Michigan
Detailed Flat Rock Transportation Costs Vs. Michigan
Detailed Flat Rock Utilities Costs Vs. Michigan
Flat Rock SnackAbility
/10
Cost Of Living In Cities Around Flat Rock
The cost of living varies in the cities and towns around Flat Rock. Here's a quick look at the cost of living in the most populous nearby places:
Dearborn, MI has a cost of living index of 98, 1.0x Flat Rock.
Westland, MI has a cost of living index of 95, 1.0x Flat Rock.
Taylor, MI has a cost of living index of 90, 0.9x Flat Rock.
| City | Population | Cost Of Living | Vs. Flat Rock |
|---|---|---|---|
| Dearborn, MI | 107,846 | 98 | 1.0x |
| Westland, MI | 84,155 | 95 | 1.0x |
| Taylor, MI | 62,405 | 90 | 0.9x |
| Dearborn Heights, MI | 62,099 | 93 | 0.9x |
| Lincoln Park, MI | 39,511 | 88 | 0.9x |
| Southgate, MI | 29,551 | 91 | 0.9x |
| Allen Park, MI | 28,128 | 97 | 1.0x |
| Wyandotte, MI | 24,593 | 92 | 0.9x |
| Trenton, MI | 18,242 | 97 | 1.0x |
| Woodhaven, MI | 12,761 | 99 | 1.0x |
