Frankenmuth, MI Cost Of Living
Cost Of Living In Frankenmuth, MI Summary
Cost of living in Frankenmuth 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 Frankenmuth 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 Frankenmuth is 103, with 100 being the average.
The cost of living index in Frankenmuth is 1.0x higher than the national average.
Frankenmuth ranks as the #147 cheapest in Michigan out of 180.
Frankenmuth ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Frankenmuth is $316,745.
The median income in Frankenmuth is $84,583.
Table Of Contents
Frankenmuth's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Frankenmuth, MI?
According to the most recent data on the cost of living, Frankenmuth has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Michigan, Frankenmuth has a cost of living index that's 1.1x higher than Michigan's index of 90.
The standard of living in Frankenmuth ranks as #147 most affordable out of the 180 places we measured in Michigan. By definition, that implies Frankenmuth ranks as the #33 most expensive place in the Wolverine State.
For more reading on life in Frankenmuth, check out:
In Michigan
In America
Frankenmuth Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Frankenmuth. Here is how it fairs on each of the criteria:
The Services index in Frankenmuth is 103.
The Groceries index in Frankenmuth is 101.
The Health index in Frankenmuth is 104.
The Housing index in Frankenmuth is 103.
The Transportation index in Frankenmuth is 101.
The Utilities index in Frankenmuth is 95.
| Living Expense | Frankenmuth | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 103 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 104 | 91 | 100 | |
| Housing | 103 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Frankenmuth, 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 Frankenmuth is $316,745.
The Median Rent in Frankenmuth is $814.
The Median Income in Frankenmuth is $84,583.
The Home Value To Income in Frankenmuth is 3.7x.
The Rent To Monthly Income in Frankenmuth is 0.12x.
| Statistic | Frankenmuth | Michigan | United States |
|---|---|---|---|
| Median Home Value | $316,745 | $258,642 | $303,400 |
| Median Rent | $814 | $1,084 | $1,348 |
| Median Income | $84,583 | $71,149 | $78,538 |
| Home Value To Income | 3.7x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Frankenmuth, MI Costs By Category
Detailed Frankenmuth Services Costs Vs. Michigan
| Item | Frankenmuth | Michigan |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $12.33 | $18 |
| Haircut | $16.8 | $24.26 |
| Beauty Salon | $24.78 | $45.56 |
Detailed Frankenmuth Groceries Costs Vs. Michigan
| Item | Frankenmuth | Michigan |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.8 | $4.93 |
| Pizza | $8.99 | $12.09 |
| Beer | $9.04 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Frankenmuth Health Costs Vs. Michigan
| Item | Frankenmuth | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Frankenmuth Transportation Costs Vs. Michigan
| Item | Frankenmuth | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Frankenmuth Utilities Costs Vs. Michigan
| Item | Frankenmuth | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Frankenmuth SnackAbility
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Cost Of Living In Cities Around Frankenmuth
The cost of living varies in the cities and towns around Frankenmuth. Here's a quick look at the cost of living in the most populous nearby places:
Saginaw, MI has a cost of living index of 82, 0.8x Frankenmuth.
Beecher, MI has a cost of living index of 82, 0.8x Frankenmuth.
Flushing, MI has a cost of living index of 91, 0.9x Frankenmuth.
| City | Population | Cost Of Living | Vs. Frankenmuth |
|---|---|---|---|
| Saginaw, MI | 43,879 | 82 | 0.8x |
| Beecher, MI | 8,507 | 82 | 0.8x |
| Flushing, MI | 8,323 | 91 | 0.9x |
| Shields, MI | 7,276 | 95 | 0.9x |
| Bridgeport, MI | 6,841 | 85 | 0.8x |
| Buena Vista, MI | 5,904 | 84 | 0.8x |
