Hazel Park, MI Cost Of Living
Cost Of Living In Hazel Park, MI Summary
Cost of living in Hazel 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 Hazel 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 Hazel Park is 90, with 100 being the average.
The cost of living index in Hazel Park is 0.9x lower than the national average.
Hazel Park ranks as the #68 cheapest in Michigan out of 180.
Hazel Park ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Hazel Park is $158,694.
The median income in Hazel Park is $62,878.
Table Of Contents
Hazel Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hazel Park, MI?
According to the most recent data on the cost of living, Hazel Park has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Michigan, Hazel Park has a cost of living index that's 1.0x lower than Michigan's index of 90.
The standard of living in Hazel Park ranks as #68 most affordable out of the 180 places we measured in Michigan. By definition, that implies Hazel Park ranks as the #112 most expensive place in the Wolverine State.
For more reading on life in Hazel Park, check out:
In Michigan
In America
Hazel Park Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Hazel Park. Here is how it fairs on each of the criteria:
The Services index in Hazel Park is 100.
The Groceries index in Hazel Park is 104.
The Health index in Hazel Park is 102.
The Housing index in Hazel Park is 63.
The Transportation index in Hazel Park is 100.
The Utilities index in Hazel Park is 96.
| Living Expense | Hazel Park | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 90 | 90 | 100 | |
| Services | 100 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 102 | 91 | 100 | |
| Housing | 63 | 72 | 100 | |
| Transportation | 100 | 96 | 100 | |
| Utilities | 96 | 99 | 100 | |
Hazel 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 Hazel Park is $158,694.
The Median Rent in Hazel Park is $1,221.
The Median Income in Hazel Park is $62,878.
The Home Value To Income in Hazel Park is 2.5x.
The Rent To Monthly Income in Hazel Park is 0.23x.
| Statistic | Hazel Park | Michigan | United States |
|---|---|---|---|
| Median Home Value | $158,694 | $258,642 | $303,400 |
| Median Rent | $1,221 | $1,084 | $1,348 |
| Median Income | $62,878 | $71,149 | $78,538 |
| Home Value To Income | 2.5x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Hazel Park, MI Costs By Category
Detailed Hazel Park Services Costs Vs. Michigan
| Item | Hazel 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 Hazel Park Groceries Costs Vs. Michigan
| Item | Hazel 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 Hazel Park Health Costs Vs. Michigan
| Item | Hazel Park | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Hazel Park Transportation Costs Vs. Michigan
| Item | Hazel Park | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Hazel Park Utilities Costs Vs. Michigan
| Item | Hazel Park | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Hazel Park SnackAbility
/10
Cost Of Living In Cities Around Hazel Park
The cost of living varies in the cities and towns around Hazel Park. 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 95, 1.1x Hazel Park.
Troy, MI has a cost of living index of 120, 1.3x Hazel Park.
Rochester Hills, MI has a cost of living index of 118, 1.3x Hazel Park.
| City | Population | Cost Of Living | Vs. Hazel Park |
|---|---|---|---|
| Warren, MI | 138,128 | 95 | 1.1x |
| Troy, MI | 87,307 | 120 | 1.3x |
| Rochester Hills, MI | 76,086 | 118 | 1.3x |
| Novi, MI | 66,224 | 118 | 1.3x |
| Royal Oak, MI | 57,880 | 107 | 1.2x |
| Oak Park, MI | 29,370 | 96 | 1.1x |
| Madison Heights, MI | 28,411 | 97 | 1.1x |
| Hamtramck, MI | 27,830 | 84 | 0.9x |
| Birmingham, MI | 21,612 | 149 | 1.7x |
| Ferndale, MI | 19,156 | 101 | 1.1x |
