Freeland, MI Cost Of Living
Cost Of Living In Freeland, MI Summary
Cost of living in Freeland 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 Freeland 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 Freeland is 97, with 100 being the average.
The cost of living index in Freeland is 1.0x lower than the national average.
Freeland ranks as the #136 cheapest in Michigan out of 175.
Freeland ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Freeland is $194,200.
The median income in Freeland is $84,492.
Table Of Contents
Freeland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Freeland, MI?
According to the most recent data on the cost of living, Freeland has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Michigan, Freeland has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in Freeland ranks as #136 most affordable out of the 175 places we measured in Michigan. By definition, that implies Freeland ranks as the #39 most expensive place in the Wolverine State.
For more reading on life in Freeland, check out:
- Living In Freeland
- Search Homes For Sale In Freeland, MI
In Michigan
In America
Freeland Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Freeland. Here is how it fairs on each of the criteria:
The Services index in Freeland is 99.
The Groceries index in Freeland is 90.
The Health index in Freeland is 94.
The Housing index in Freeland is 94.
The Transportation index in Freeland is 108.
The Utilities index in Freeland is 102.
| Living Expense | Freeland | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 97 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 94 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 102 | 100 | 100 | |
Freeland, 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 Freeland is $194,200.
The Median Rent in Freeland is $971.
The Median Income in Freeland is $84,492.
The Home Value To Income in Freeland is 2.3x.
The Rent To Monthly Income in Freeland is 0.14x.
| Statistic | Freeland | Michigan | United States |
|---|---|---|---|
| Median Home Value | $194,200 | $172,100 | $244,900 |
| Median Rent | $971 | $946 | $1,163 |
| Median Income | $84,492 | $63,202 | $69,021 |
| Home Value To Income | 2.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Freeland, MI Costs By Category
Detailed Freeland Services Costs Vs. Michigan
Detailed Freeland Groceries Costs Vs. Michigan
Detailed Freeland Health Costs Vs. Michigan
Detailed Freeland Transportation Costs Vs. Michigan
Detailed Freeland Utilities Costs Vs. Michigan
Freeland SnackAbility
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Cost Of Living In Cities Around Freeland
The cost of living varies in the cities and towns around Freeland. 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 85, 0.9x Freeland.
Midland, MI has a cost of living index of 93, 1.0x Freeland.
Shields, MI has a cost of living index of 87, 0.9x Freeland.
| City | Population | Cost Of Living | Vs. Freeland |
|---|---|---|---|
| Saginaw, MI | 44,796 | 85 | 0.9x |
| Midland, MI | 42,425 | 93 | 1.0x |
| Shields, MI | 7,506 | 87 | 0.9x |
| Bridgeport, MI | 6,484 | 86 | 0.9x |
| Buena Vista, MI | 5,878 | 85 | 0.9x |
