Forest Hills, MI Cost Of Living
Cost Of Living In Forest Hills, MI Summary
Cost of living in Forest 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 Forest 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 Forest Hills is 112, with 100 being the average.
The cost of living index in Forest Hills is 1.1x higher than the national average.
Forest Hills ranks as the #163 cheapest in Michigan out of 175.
Forest Hills ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Forest Hills is $372,000.
The median income in Forest Hills is $131,587.
Table Of Contents
Forest Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Forest Hills, MI?
According to the most recent data on the cost of living, Forest Hills has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Michigan, Forest Hills has a cost of living index that's 1.2x higher than Michigan's index of 92.
The standard of living in Forest Hills ranks as #163 most affordable out of the 175 places we measured in Michigan. By definition, that implies Forest Hills ranks as the #12 most expensive place in the Wolverine State.
For more reading on life in Forest Hills, check out:
- Living In Forest Hills
- Search Homes For Sale In Forest Hills, MI
In Michigan
In America
Forest Hills Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Forest Hills. Here is how it fairs on each of the criteria:
The Services index in Forest Hills is 99.
The Groceries index in Forest Hills is 87.
The Health index in Forest Hills is 95.
The Housing index in Forest Hills is 146.
The Transportation index in Forest Hills is 107.
The Utilities index in Forest Hills is 103.
| Living Expense | Forest Hills | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 112 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 146 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 103 | 100 | 100 | |
Forest 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 Forest Hills is $372,000.
The Median Rent in Forest Hills is $1,668.
The Median Income in Forest Hills is $131,587.
The Home Value To Income in Forest Hills is 2.8x.
The Rent To Monthly Income in Forest Hills is 0.15x.
| Statistic | Forest Hills | Michigan | United States |
|---|---|---|---|
| Median Home Value | $372,000 | $172,100 | $244,900 |
| Median Rent | $1,668 | $946 | $1,163 |
| Median Income | $131,587 | $63,202 | $69,021 |
| Home Value To Income | 2.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Forest Hills, MI Costs By Category
Detailed Forest Hills Services Costs Vs. Michigan
| Item | Forest Hills | Michigan |
|---|---|---|
| Shampoo | $0.89 | $1.06 |
| Movie | $11.37 | $10.68 |
| Bowling | $16.78 | $14.67 |
| Haircut | $20.22 | $18.62 |
| Beauty Salon | $32.55 | $39.05 |
Detailed Forest Hills Groceries Costs Vs. Michigan
| Item | Forest Hills | Michigan |
|---|---|---|
| Ground Beef | $4.5 | $4.22 |
| Fried Chicken | $1.12 | $1.39 |
| Milk | $1.59 | $2.05 |
| Potatoes | $2.75 | $3.29 |
| Pizza | $10.16 | $10.62 |
| Beer | $8.21 | $9.38 |
| Toothpaste | $1.98 | $2.34 |
Detailed Forest Hills Health Costs Vs. Michigan
| Item | Forest Hills | Michigan |
|---|---|---|
| Optometrist | $105.11 | $108.57 |
| Doctor | $98.0 | $116.17 |
| Dentist | $94.78 | $99.13 |
Detailed Forest Hills Transportation Costs Vs. Michigan
| Item | Forest Hills | Michigan |
|---|---|---|
| Gasoline | $2.23 | $2.22 |
| Tire Balancing | $60.0 | $50.07 |
Detailed Forest Hills Utilities Costs Vs. Michigan
| Item | Forest Hills | Michigan |
|---|---|---|
| All Electricity | $170.23 | $167.67 |
| Phone | $181.0 | $175.64 |
Forest Hills SnackAbility
/10
Cost Of Living In Cities Around Forest Hills
The cost of living varies in the cities and towns around Forest Hills. Here's a quick look at the cost of living in the most populous nearby places:
Grand Rapids, MI has a cost of living index of 90, 0.8x Forest Hills.
Wyoming, MI has a cost of living index of 89, 0.8x Forest Hills.
Kentwood, MI has a cost of living index of 92, 0.8x Forest Hills.
| City | Population | Cost Of Living | Vs. Forest Hills |
|---|---|---|---|
| Grand Rapids, MI | 197,858 | 90 | 0.8x |
| Wyoming, MI | 76,625 | 89 | 0.8x |
| Kentwood, MI | 53,884 | 92 | 0.8x |
| Cutlerville, MI | 19,313 | 88 | 0.8x |
| Jenison, MI | 17,570 | 94 | 0.8x |
| Grandville, MI | 16,043 | 89 | 0.8x |
| Northview, MI | 15,251 | 94 | 0.8x |
| East Grand Rapids, MI | 11,381 | 115 | 1.0x |
| Comstock Park, MI | 10,202 | 89 | 0.8x |
| Hudsonville, MI | 7,598 | 92 | 0.8x |
