Grosse Pointe, MI Cost Of Living
Cost Of Living In Grosse Pointe, MI Summary
Cost of living in Grosse Pointe 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 Grosse Pointe 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 Grosse Pointe is 124, with 100 being the average.
The cost of living index in Grosse Pointe is 1.2x higher than the national average.
Grosse Pointe ranks as the #174 cheapest in Michigan out of 180.
Grosse Pointe ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Grosse Pointe is $460,792.
The median income in Grosse Pointe is $141,985.
Table Of Contents
Grosse Pointe's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Grosse Pointe, MI?
According to the most recent data on the cost of living, Grosse Pointe has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Michigan, Grosse Pointe has a cost of living index that's 1.4x higher than Michigan's index of 90.
The standard of living in Grosse Pointe ranks as #174 most affordable out of the 180 places we measured in Michigan. By definition, that implies Grosse Pointe ranks as the #6 most expensive place in the Wolverine State.
For more reading on life in Grosse Pointe, check out:
In Michigan
In America
Grosse Pointe Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Grosse Pointe. Here is how it fairs on each of the criteria:
The Services index in Grosse Pointe is 102.
The Groceries index in Grosse Pointe is 104.
The Health index in Grosse Pointe is 103.
The Housing index in Grosse Pointe is 170.
The Transportation index in Grosse Pointe is 101.
The Utilities index in Grosse Pointe is 92.
| Living Expense | Grosse Pointe | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 124 | 90 | 100 | |
| Services | 102 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 103 | 91 | 100 | |
| Housing | 170 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 92 | 99 | 100 | |
Grosse Pointe, 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 Grosse Pointe is $460,792.
The Median Rent in Grosse Pointe is $1,670.
The Median Income in Grosse Pointe is $141,985.
The Home Value To Income in Grosse Pointe is 3.2x.
The Rent To Monthly Income in Grosse Pointe is 0.14x.
| Statistic | Grosse Pointe | Michigan | United States |
|---|---|---|---|
| Median Home Value | $460,792 | $258,642 | $303,400 |
| Median Rent | $1,670 | $1,084 | $1,348 |
| Median Income | $141,985 | $71,149 | $78,538 |
| Home Value To Income | 3.2x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Grosse Pointe, MI Costs By Category
Detailed Grosse Pointe Services Costs Vs. Michigan
| Item | Grosse Pointe | 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 Grosse Pointe Groceries Costs Vs. Michigan
| Item | Grosse Pointe | 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 Grosse Pointe Health Costs Vs. Michigan
| Item | Grosse Pointe | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Grosse Pointe Transportation Costs Vs. Michigan
| Item | Grosse Pointe | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Grosse Pointe Utilities Costs Vs. Michigan
| Item | Grosse Pointe | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Grosse Pointe SnackAbility
/10
Cost Of Living In Cities Around Grosse Pointe
The cost of living varies in the cities and towns around Grosse Pointe. Here's a quick look at the cost of living in the most populous nearby places:
Troy, MI has a cost of living index of 120, 1.0x Grosse Pointe.
St. Clair Shores, MI has a cost of living index of 96, 0.8x Grosse Pointe.
Royal Oak, MI has a cost of living index of 107, 0.9x Grosse Pointe.
| City | Population | Cost Of Living | Vs. Grosse Pointe |
|---|---|---|---|
| Troy, MI | 87,307 | 120 | 1.0x |
| St. Clair Shores, MI | 58,287 | 96 | 0.8x |
| Royal Oak, MI | 57,880 | 107 | 0.9x |
| Roseville, MI | 47,240 | 93 | 0.8x |
| Eastpointe, MI | 34,003 | 88 | 0.7x |
| Hamtramck, MI | 27,830 | 84 | 0.7x |
| Birmingham, MI | 21,612 | 149 | 1.2x |
| Grosse Pointe Woods, MI | 16,177 | 112 | 0.9x |
| Harper Woods, MI | 15,205 | 91 | 0.7x |
| Berkley, MI | 15,084 | 108 | 0.9x |
