Fraser, MI Cost Of Living
Cost Of Living In Fraser, MI Summary
Cost of living in Fraser 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 Fraser 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 Fraser is 93, with 100 being the average.
The cost of living index in Fraser is 0.9x lower than the national average.
Fraser ranks as the #110 cheapest in Michigan out of 175.
Fraser ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Fraser is $162,600.
The median income in Fraser is $59,471.
Table Of Contents
Fraser's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fraser, MI?
According to the most recent data on the cost of living, Fraser has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Michigan, Fraser has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Fraser ranks as #110 most affordable out of the 175 places we measured in Michigan. By definition, that implies Fraser ranks as the #65 most expensive place in the Wolverine State.
For more reading on life in Fraser, check out:
- Living In Fraser
- Fraser Crime Report
- Search Homes For Sale In Fraser, MI
In Michigan
In America
Fraser Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Fraser. Here is how it fairs on each of the criteria:
The Services index in Fraser is 110.
The Groceries index in Fraser is 99.
The Health index in Fraser is 98.
The Housing index in Fraser is 71.
The Transportation index in Fraser is 106.
The Utilities index in Fraser is 95.
| Living Expense | Fraser | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 93 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 98 | 94 | 100 | |
| Housing | 71 | 80 | 100 | |
| Transportation | 106 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Fraser, 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 Fraser is $162,600.
The Median Rent in Fraser is $746.
The Median Income in Fraser is $59,471.
The Home Value To Income in Fraser is 2.7x.
The Rent To Monthly Income in Fraser is 0.15x.
| Statistic | Fraser | Michigan | United States |
|---|---|---|---|
| Median Home Value | $162,600 | $172,100 | $244,900 |
| Median Rent | $746 | $946 | $1,163 |
| Median Income | $59,471 | $63,202 | $69,021 |
| Home Value To Income | 2.7x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Fraser, MI Costs By Category
Detailed Fraser Services Costs Vs. Michigan
Detailed Fraser Groceries Costs Vs. Michigan
Detailed Fraser Health Costs Vs. Michigan
Detailed Fraser Transportation Costs Vs. Michigan
Detailed Fraser Utilities Costs Vs. Michigan
Fraser SnackAbility
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Cost Of Living In Cities Around Fraser
The cost of living varies in the cities and towns around Fraser. Here's a quick look at the cost of living in the most populous nearby places:
Warren, MI has a cost of living index of 90, 1.0x Fraser.
Sterling Heights, MI has a cost of living index of 97, 1.0x Fraser.
Troy, MI has a cost of living index of 113, 1.2x Fraser.
| City | Population | Cost Of Living | Vs. Fraser |
|---|---|---|---|
| Warren, MI | 138,996 | 90 | 1.0x |
| Sterling Heights, MI | 134,062 | 97 | 1.0x |
| Troy, MI | 86,912 | 113 | 1.2x |
| Rochester Hills, MI | 75,990 | 111 | 1.2x |
| St. Clair Shores, MI | 59,046 | 94 | 1.0x |
| Royal Oak, MI | 58,368 | 101 | 1.1x |
| Roseville, MI | 47,692 | 90 | 1.0x |
| Eastpointe, MI | 34,148 | 90 | 1.0x |
| Birmingham, MI | 21,728 | 134 | 1.4x |
| Grosse Pointe Woods, MI | 16,353 | 107 | 1.2x |
