Grosse Pointe Park, MI Cost Of Living
Cost Of Living In Grosse Pointe Park, MI Summary
Cost of living in Grosse Pointe Park 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 Park 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 Park is 122, with 100 being the average.
The cost of living index in Grosse Pointe Park is 1.2x higher than the national average.
Grosse Pointe Park ranks as the #172 cheapest in Michigan out of 180.
Grosse Pointe Park ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Grosse Pointe Park is $497,406.
The median income in Grosse Pointe Park is $121,796.
Table Of Contents
Grosse Pointe Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Grosse Pointe Park, MI?
According to the most recent data on the cost of living, Grosse Pointe Park has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Michigan, Grosse Pointe Park has a cost of living index that's 1.4x higher than Michigan's index of 90.
The standard of living in Grosse Pointe Park ranks as #172 most affordable out of the 180 places we measured in Michigan. By definition, that implies Grosse Pointe Park ranks as the #8 most expensive place in the Wolverine State.
For more reading on life in Grosse Pointe Park, check out:
In Michigan
In America
Grosse Pointe Park Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Grosse Pointe Park. Here is how it fairs on each of the criteria:
The Services index in Grosse Pointe Park is 100.
The Groceries index in Grosse Pointe Park is 105.
The Health index in Grosse Pointe Park is 104.
The Housing index in Grosse Pointe Park is 176.
The Transportation index in Grosse Pointe Park is 101.
The Utilities index in Grosse Pointe Park is 95.
| Living Expense | Grosse Pointe Park | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 122 | 90 | 100 | |
| Services | 100 | 93 | 100 | |
| Groceries | 105 | 97 | 100 | |
| Health | 104 | 91 | 100 | |
| Housing | 176 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Grosse Pointe Park, 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 Park is $497,406.
The Median Rent in Grosse Pointe Park is $1,365.
The Median Income in Grosse Pointe Park is $121,796.
The Home Value To Income in Grosse Pointe Park is 4.1x.
The Rent To Monthly Income in Grosse Pointe Park is 0.13x.
| Statistic | Grosse Pointe Park | Michigan | United States |
|---|---|---|---|
| Median Home Value | $497,406 | $258,642 | $303,400 |
| Median Rent | $1,365 | $1,084 | $1,348 |
| Median Income | $121,796 | $71,149 | $78,538 |
| Home Value To Income | 4.1x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Grosse Pointe Park, MI Costs By Category
Detailed Grosse Pointe Park Services Costs Vs. Michigan
| Item | Grosse Pointe Park | 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 Park Groceries Costs Vs. Michigan
| Item | Grosse Pointe Park | 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 Park Health Costs Vs. Michigan
| Item | Grosse Pointe Park | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Grosse Pointe Park Transportation Costs Vs. Michigan
| Item | Grosse Pointe Park | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Grosse Pointe Park Utilities Costs Vs. Michigan
| Item | Grosse Pointe Park | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Grosse Pointe Park SnackAbility
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Cost Of Living In Cities Around Grosse Pointe Park
The cost of living varies in the cities and towns around Grosse Pointe Park. Here's a quick look at the cost of living in the most populous nearby places:
Detroit, MI has a cost of living index of 85, 0.7x Grosse Pointe Park.
Troy, MI has a cost of living index of 120, 1.0x Grosse Pointe Park.
St. Clair Shores, MI has a cost of living index of 96, 0.8x Grosse Pointe Park.
| City | Population | Cost Of Living | Vs. Grosse Pointe Park |
|---|---|---|---|
| Detroit, MI | 636,644 | 85 | 0.7x |
| Troy, MI | 87,307 | 120 | 1.0x |
| St. Clair Shores, MI | 58,287 | 96 | 0.8x |
| Royal Oak, MI | 57,880 | 107 | 0.9x |
| 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 |
