Hillsdale, MI Cost Of Living
Cost Of Living In Hillsdale, MI Summary
Cost of living in Hillsdale 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 Hillsdale 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 Hillsdale is 79, with 100 being the average.
The cost of living index in Hillsdale is 0.8x lower than the national average.
Hillsdale ranks as the #10 cheapest in Michigan out of 175.
Hillsdale ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Hillsdale is $108,600.
The median income in Hillsdale is $44,494.
Table Of Contents
Hillsdale's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hillsdale, MI?
According to the most recent data on the cost of living, Hillsdale has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Michigan, Hillsdale has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Hillsdale ranks as #10 most affordable out of the 175 places we measured in Michigan. By definition, that implies Hillsdale ranks as the #165 most expensive place in the Wolverine State.
For more reading on life in Hillsdale, check out:
- Living In Hillsdale
- Hillsdale Crime Report
- Search Homes For Sale In Hillsdale, MI
In Michigan
In America
Hillsdale Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Hillsdale. Here is how it fairs on each of the criteria:
The Services index in Hillsdale is 89.
The Groceries index in Hillsdale is 77.
The Health index in Hillsdale is 93.
The Housing index in Hillsdale is 48.
The Transportation index in Hillsdale is 98.
The Utilities index in Hillsdale is 100.
| Living Expense | Hillsdale | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 79 | 92 | 100 | |
| Services | 89 | 96 | 100 | |
| Groceries | 77 | 96 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 48 | 80 | 100 | |
| Transportation | 98 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Hillsdale, 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 Hillsdale is $108,600.
The Median Rent in Hillsdale is $712.
The Median Income in Hillsdale is $44,494.
The Home Value To Income in Hillsdale is 2.4x.
The Rent To Monthly Income in Hillsdale is 0.19x.
| Statistic | Hillsdale | Michigan | United States |
|---|---|---|---|
| Median Home Value | $108,600 | $172,100 | $244,900 |
| Median Rent | $712 | $946 | $1,163 |
| Median Income | $44,494 | $63,202 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hillsdale, MI Costs By Category
Detailed Hillsdale Services Costs Vs. Michigan
Detailed Hillsdale Groceries Costs Vs. Michigan
Detailed Hillsdale Health Costs Vs. Michigan
Detailed Hillsdale Transportation Costs Vs. Michigan
Detailed Hillsdale Utilities Costs Vs. Michigan
Hillsdale SnackAbility
/10
Cost Of Living In Cities Around Hillsdale
The cost of living varies in the cities and towns around Hillsdale. Here's a quick look at the cost of living in the most populous nearby places:
Holt, MI has a cost of living index of 86, 1.1x Hillsdale.
Defiance, OH has a cost of living index of 85, 1.1x Hillsdale.
Saline, MI has a cost of living index of 102, 1.3x Hillsdale.
| City | Population | Cost Of Living | Vs. Hillsdale |
|---|---|---|---|
| Holt, MI | 25,755 | 86 | 1.1x |
| Defiance, OH | 17,155 | 85 | 1.1x |
| Saline, MI | 9,072 | 102 | 1.3x |
| Napoleon, OH | 8,907 | 84 | 1.1x |
| Bryan, OH | 8,668 | 87 | 1.1x |
| Tecumseh, MI | 8,645 | 92 | 1.2x |
| Mason, MI | 8,307 | 85 | 1.1x |
| Wauseon, OH | 7,277 | 87 | 1.1x |
| Marshall, MI | 6,832 | 80 | 1.0x |
| Eaton Rapids, MI | 5,211 | 78 | 1.0x |
