Frankenmuth, MI Cost Of Living
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 95 which is 0.9x lower than the national index of 100.
Compared to only Michigan, Frankenmuth has a cost of living index that's 1.1x higher than Michigan's index of 89.
The standard of living in Frankenmuth ranks as #2510 most affordable out of the 6522 places we measured in Michigan. By definition, that implies Frankenmuth ranks as the #3897 most expensive place in the Wolverine State.
Frankenmuth Cost Of Living Vs. Michigan
| Living Expense | Frankenmuth | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 95 | 89 | 100 | |
| Services | 104 | 95 | 100 | |
| Groceries | 93 | 88 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 82 | 74 | 100 | |
| Transportation | 114 | 106 | 100 | |
| Utilities | 94 | 99 | 100 | |
Frankenmuth, 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.
| Statistic | Frankenmuth | Michigan | United States |
|---|---|---|---|
| Median Home Value | $181,700 | $146,200 | $204,900 |
| Median Rent | $632 | $850 | $1,023 |
| Median Income | $57,734 | $54,938 | $60,293 |
| Home Value To Income | 3.1x | 2.7x | 3.4x |
| Rent To Monthly Income | 0.13x | 0.19x | 0.2x |
Frankenmuth SnackAbility
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Cost Of Living In Cities Around Frankenmuth
| City | Population | Cost Of Living | Vs. Frankenmuth | Saginaw, MI | 48,997 | 81 | 0.9x | Beecher, MI | 9,128 | 81 | 0.9x | Flushing, MI | 8,012 | 90 | 0.9x | Bridgeport, MI | 6,443 | 85 | 0.9x | Buena Vista, MI | 6,351 | 82 | 0.9x | Shields, MI | 5,993 | 88 | 0.9x |
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